DYNAMIC MODELS OF BANK CREDIT EXPANSION UNDER CERTAINTY,

Abstract

The purpose of the paper is to investigate the effect of the Federal Reserve policy change of September, 1968 on credit expansion by a single bank in response to a change to its reserve level. A dynamic programming model, treating all parameters as if they were known with certainty, is used to investigate the nature of optimal credit behavior under these two environments. (Author)

Document Details

Document Type
Technical Report
Publication Date
Feb 03, 1970
Accession Number
AD0703931

Entities

People

  • George F. Brown Jr.
  • Richmond M. Lloyd

Organizations

  • Center for Naval Analyses

Tags

DTIC Thesaurus Topics

  • Applied Mathematics
  • Biological Phenomena
  • Computer Programming
  • Computing-Related Activities
  • Dynamic Programming
  • Ecological And Environmental Phenomena
  • Environment
  • Interdisciplinary Science
  • Mathematical Programming
  • Mathematics

Readers

  • Adaptive Control and Estimation with Uncertainty in Dynamic Systems.
  • Economics