Monetary Policy Rules (National Bureau of Economic Research Studies in Business Cycles)
Monetary Policy Rules (National Bureau of Economic Research Studies in Business Cycles) by John B. Taylor
Monetary Policy Rules (National Bureau of Economic Research Studies in Business Cycles) Author: John B. Taylor
Title: Monetary Policy Rules (National Bureau of Economic Research Studies in Business Cycles)
ISBN: 0226791254
ISBN13: 978-0226791258
Other Formats: mbr lit rtf lrf
Pages: 458 pages
Publisher: University of Chicago Press; 1 edition (May 1, 2001)
Language: English
Category: Politics & Social Sciences
Size PDF version: 1621 kb
Size EPUB version: 1244 kb
Subcategory: Politics & Government




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.