This is a preview of subscription content, log in via an institution to check access.
References
It is arguable whether interventions in the money market to moderate interest rate fluctuations really do reduce the “variance” of interest rate changes in the medium term. Cf: W. Poole, Benefits and costs of stable monetary growth. In: K. Brunner and A. H. Meltzer (ed.). Institutional arrangements and the inflation problem, published by North-Holland in collaboration with the Graduate School of Management, University of Rochester, 1976.
Cf. the DIW’s proposals in Economic Bulletin 6/73. Bundesbank law and current monetary policy.
Rights and permissions
About this article
Cite this article
Intermediate balance sheet of monetary policy. Economic Bulletin 13, 85 (1976). https://doi.org/10.1007/BF02614607
DOI: https://doi.org/10.1007/BF02614607