The Monetary Responsibilities of a Central Bank
提供了一个分析框架,讨论中央银行如何赋予价格水平一个明确的均衡值,以及如何导致该均衡值随时间变化。
This article provides an analytical framework for discussing the monetary responsibilities of a central bank. The framework shows how the central bank gives the price level a well-defined equilibrium value and how the central bank causes this equilibrium value to change over time.