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Monetary Policy Rules
     

Monetary Policy Rules

by John B. Taylor
 

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This timely volume presents the latest thinking on the monetary policy rules and seeks to determine just what types of rules and policy guidelines function best. A unique cooperative research effort that allowed contributors to evaluate different policy rules using their own specific approaches, this collection presents their striking findings on the potential

Overview

This timely volume presents the latest thinking on the monetary policy rules and seeks to determine just what types of rules and policy guidelines function best. A unique cooperative research effort that allowed contributors to evaluate different policy rules using their own specific approaches, this collection presents 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.

Monetary Policy Rules illustrates 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:
9780226791258
Publisher:
University of Chicago Press
Publication date:
05/01/2001
Series:
National Bureau of Economic Research Studies in Business Cycles Series
Edition description:
1
Pages:
458
Product dimensions:
6.00(w) x 9.00(h) x 1.00(d)

Related Subjects

Meet the Author

John B. Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University and a research associate of the National Bureau of Economic Research.

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