Monetary policy rules / edited by John B. Taylor.

Format:

Book

Contributor:

Taylor, John B.

Series:

Conference report (National Bureau of Economic Research)

A National Bureau of Economic Research Conference report

Language:

English

Subjects (All):

Monetary policy--Econometric models--Congresses.

Monetary policy.

Monetary policy--Econometric models.

Monetary policy--United States--Econometric models--Congresses.

United States.

Econometric models.

Genre:

Conference papers and proceedings.

Physical Description:

ix, 447 pages : illustrations ; 24 cm.

Place of Publication:

Chicago : University of Chicago Press, 1999.

Summary:

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.

Notes:

Papers based on a conference on monetary policy rules, held at Stanford University, 1998.

Includes bibliographical references and indexes.

ISBN:

0226791246

OCLC:

40752678