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Monetary policy rules
Rok: 2001
ISBN: 9780226791241
ISBN: 9780226791258
OKCZID: 110062798
Vydání: Pbk. ed.
Citace (dle ČSN ISO 690):
TAYLOR, John B., ed. Monetary policy rules. Pbk. ed. Chicago: University of Chicago Press, 2001. ix, 447 s. Conference report (National Bureau of Economic Research), v. 31.
Anotace
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.