Monetary Policy Rules

Monetary Policy Rules
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DOI:
10.7208/chicago/9780226791265.001.0001
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发表时间:
1999
期刊:
--
影响因子:
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通讯作者:
John B. Taylor
John B. Taylor
中科院分区:
其他
文献类型:
--
作者:
John B. Taylor

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这本及时的著作介绍了关于货币政策规则的最新思考,并试图确定哪些类型的规则和政策指导方针最有效。这是一项独特的合作研究工作,允许贡献者使用自己的特定方法评估不同的政策规则,该合集展示了他们关于利率对一系列变量(包括通货膨胀率、失业率和汇率的变化)的潜在反应的惊人发现。货币政策规则表明,简单的政策规则比具有多个变量的复杂规则更稳健、更有效。 《货币政策规则》对美联储和其他央行面临的基本问题进行了最先进的评估,是经济分析师和政策制定者的必备读物。
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.