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October 1986, 
Vol. 68, No. 8
Posted 1986-10-01

A Monetarist Model for Economic Stabilization

by Leonall C. Andersen and Keith M. Carlson

Another of Andersen’s best-known contributions, “A Monetarist Model for Economic Stabilization,” co-authored with Keith M. Carlson, was published in April 1970; it developed a small monetarist macroeconomic model that has been used for policy purposes at this Bank and elsewhere. To honor Andy, we are reprinting these original articles, along with evaluations by his co-authors and others, of their continuing importance and relevance.