TY  - JOUR
AU  - Litterman,Robert B.
TI  - Optimal Control of the Money Supply
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 912
PY  - 1982
Y2  - June 1982
UR  - http://www.nber.org/papers/w0912
L1  - http://www.nber.org/papers/w0912.pdf
AB  - Using optimal control theory and a vector autoregressive representation of the relationship between money and interest rates, one can derive a feedback control procedure which defines the best possible tradeoff between interest rate volatility and money supply fluctuations and which could be used to reduce both from their current levels.
ER  -