Monetary Policy Rules
Seiten
2001
University of Chicago Press (Verlag)
978-0-226-79125-8 (ISBN)
University of Chicago Press (Verlag)
978-0-226-79125-8 (ISBN)
Presents late-1990s thinking on monetary policy rules. The text seeks to determine which types of rules/policy guidelines function best. It presents research findings on the potential response of interest rates to an array of variables, including alterations in the rates of inflation and exchange.
This volume presents late-1990s thinking on monetary policy rules and seeks to determine just what types of rules and policy guidelines function best. A co-operative research effort that allowed contributors to evaluate different policy rules using their own specific approaches, this collection presents their findings on the potential response of interest rates to an array of variables, including alterations in the rates of inflation, unemployment, and exchange. This work 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, the text should be of interest for economic analysts and policymakers alike.
This volume presents late-1990s thinking on monetary policy rules and seeks to determine just what types of rules and policy guidelines function best. A co-operative research effort that allowed contributors to evaluate different policy rules using their own specific approaches, this collection presents their findings on the potential response of interest rates to an array of variables, including alterations in the rates of inflation, unemployment, and exchange. This work 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, the text should be of interest for economic analysts and policymakers alike.
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.
| Erscheint lt. Verlag | 4.6.2001 |
|---|---|
| Reihe/Serie | (NBER) National Bureau of Economic Research Business Cycles |
| Sprache | englisch |
| Maße | 16 x 23 mm |
| Gewicht | 624 g |
| Themenwelt | Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung |
| Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft | |
| ISBN-10 | 0-226-79125-4 / 0226791254 |
| ISBN-13 | 978-0-226-79125-8 / 9780226791258 |
| Zustand | Neuware |
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