The Monetary Base, the Economy, and Monetary Policy
考察货币基础在两种总体经济模型中的理论基础，并回顾其在不同政策角色中有效性的实证研究，对关注货币基础政策用途的学者有参考价值。
In recent years the monetary base has received increasing attention as a potentially useful variable for policy purposes. John B. Carlson examines the theoretical underpinnings for such a role in two models of the aggregate economy. He then reviews recent empirical studies of the usefulness of the base in alternative policy roles.