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| Author: | Hagen, J. von |
| Title: | Alternative operating regimes for money stock control in West-Germany: an empirical evaluation |
| Journal: | Weltwirtschaftliches Archiv
1988 : VOL. 124:1, p. 89-107 |
| Index terms: | FEDERAL REPUBLIC OF GERMANY MONEY SUPPLY TIME SERIES |
| Language: | eng |
| Abstract: | The paper sets up and evaluates empirically for West Germany operating procedures for short-run money control. They are constructed in such a way as to use current information available to the central bank. Broad monetary aggregates prove to be better controllable in Germany than narrow ones and monetary base is a better operating target than the presently used short-run interbank rate. |
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