Monetary Policy Rules

By: John B. Taylor (Editor)

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Paperback | 1 May 2001 | Edition Number 1

At a Glance

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458 Pages

Dimensions(cm)
22.62 x 15.54 x 2.5

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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 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.

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You Can Find This Book In

Non-Fiction Economics Macroeconomics Monetary Economics Politics & Government Central Government Central Government Policies Business & Management

Acknowledgments
Prologue: Perspectives on the Curriculum How We Think About the Curriculum A Deliberative Perspective The Case for a Deliberative Perspective
Introduction
Performance of Operational Policy Rules in an Estimated Semiclassical Structural Model
Comment
Discussion Summary
Interest Rate Rules in an Estimated Sticky Price Model
Comment
Discussion Summary
Policy Rules for Open Economies
Comment
Discussion Summary
Forward-Looking Rules for Monetary Policy
Comment
Discussion Summary
Policy Rules for Inflation Targeting
Comment
Comment
Discussion Summary
Robustness of Simple Monetary Policy Rules under Model Uncertainty
Comment
Discussion Summary
A Historical Analysis of Monetary Policy Rules
Comment
Discussion Summary
What Should the Monetary Authority Do When Prices Are Sticky?
Comment
Discussion Summary
Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty
Comment
Discussion Summary
Contributors
Author Index
Subject Index
Table of Contents provided by Publisher. All Rights Reserved.

Monetary Policy Rules

At a Glance

Paperback

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How to return your order

Defective items

You Can Find This Book In

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