Recent Developments in the Analysis of Monetary Policy Rules / Bennett T. McCallum.

Format:

Datafile

Contributor:

Inter-university Consortium for Political and Social Research.

Series:

ICPSR (Series) ; 1215.

ICPSR ; 1215

Language:

English

Genre:

Academic theses.

Physical Description:

1 online resource.

Place of Publication:

Ann Arbor, Mich. : Inter-university Consortium for Political and Social Research [distributor], 2000.

System Details:

Mode of access: World Wide Web.

data file

Summary:

After a brief review of key developments in the application of monetary theory to policy analysis, the author describes the central aspects of the typical framework used to analyze monetary policy rules. He reviews the methods used to study the effects of policy behavior and provides an example of how two rules (the McCallum rule and the Taylor rule) can be used to investigate recent monetary policy in Japan. His example shows why it may be important for central banks to develop monetary policy procedures based on monetary-aggregate as well as interest-rate instruments.

Notes:

Title from ICPSR DDI metadata of 2004-10-30.

OCLC:

61145882

Access Restriction:

Restricted for use by site license.