Evans, George W. (contributor); … - 2003 - [Elektronische Ressource]
Friedman’s Money Supply Rule vs. Optimal
Interest Rate Policy
∗
George W. Evans
University of Oregon
Seppo Honkapohja …-10-0707-9
February 26, 2003
Abstract
Using New Keynesian models, we compare Friedman’s k-percent
money supply rule to optimal interest … open-loop policy,
namely Friedman’s k−percent money supply rule.
Our results are easily summarized. Based on numerical …