Monetary Policy Models
Monetary Policy Models
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货币政策模型
DOI：
10.1353/eca.2008.0005
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发表时间：
2008
影响因子：
5.9
通讯作者：
C. Sims
中科院分区：
文献类型：
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作者：
C. Sims
我为BPEA（2002; 1996; 1982）撰写了几篇论文，研究多方程定量经济模型与货币政策制定过程的关系。当第一篇论文被撰写时，理性预期批判在削弱学术界对货币政策定量建模的兴趣方面的影响是显而易见的。许多（也许是大多数）经济学家认为卢卡斯的批评意味着，根据当前信息选择货币政策行动的月度业务是微不足道或无关紧要的。人们认为经济学家对此没有什么可说的，他们应该只考虑政策规则的选择，而这些规则被建模为将经济状况映射为政策行动的函数。
I have written several papers for BPEA (2002; 1996; 1982) looking at the relation of multiple equation quantitative economic models to the process of monetary policy making. When the first of these papers was written, the impact of the rational expectations critique in undermining academic interest in quantitative modeling for monetary policy was apparent. Many, maybe most, economists took the Lucas critique to imply that the month-to-month business of choosing monetary policy actions in the light of current information was trivial or irrelevant. Economists were thought to have nothing useful to say about it. Economists were supposed to contemplate only the choice of policy rules, which were modeled as functions mapping the state of the economy into policy actions.