Journal Article Target Controllability Get access Alfred L. Norman, Alfred L. Norman Board of Governors of the Federal Reserve System, Washington, and University of Texas at Austin Search for other works by this author on: Oxford Academic Google Scholar Woo S. Jung Woo S. Jung Vanderbilt University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 47, Issue 2, January 1980, Pages 451–457, https://doi.org/10.2307/2297004 Published: 01 January 1980 Article history Received: 01 January 1977 Accepted: 01 November 1978 Published: 01 January 1980