Monetary Policy Rules

Monetary Policy Rules

by John B. Taylor
     
 

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This volume results from a unique cooperative research effort between nearly thirty monetary experts and policymakers from central banks and universities who evaluated different policy rules using a variety of techniques. Their striking findings on the potential response of interest rates to an array of variables, including alterations in the rates of inflation,… See more details below

Overview

This volume results from a unique cooperative research effort between nearly thirty monetary experts and policymakers from central banks and universities who evaluated different policy rules using a variety of techniques. Their striking findings on the potential response of interest rates to an array of variables, including alterations in the rates of inflation, unemployment, and exchange, illustrate that simple policy rules are more robust and more efficient than complex rules with multiple variables.. "A state-of-the-art appraisal of the fundamental issues facing the Federal Reserve Board and other central banks, Monetary Policy Rules is essential reading for economic analysts and policymakers alike.

Product Details

ISBN-13:
9780226791241
Publisher:
University of Chicago Press
Publication date:
08/15/1999
Series:
National Bureau of Economic Research Studies in Income and Wealth Series
Pages:
447
Product dimensions:
6.36(w) x 9.35(h) x 1.24(d)

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