Open-market operations

Open-market operations is the purchase or sale of government bonds by the central bank for the purpose of increasing or decreasing the money supply. Optimize]]. To achieve the best possible outcome subject to a set of constraints.

Definition

According to Macroeconomics by Mankiw (7th edition),

Open-market operations. The purchase or sale of government bonds by the central bank for the purpose of increasing or decreasing the money supply. Optimize]]. To achieve the best possible outcome subject to a set of constraints.