Evaluation of targeting rules for implementing monetary policy

实施货币政策的目标规则评估

• 批准号: DP1093363
• 负责人: A/Prof G Otto
• 金额: $ 6.22万
• 依托单位: The University of New South Wales
• 依托单位国家: 澳大利亚
• 项目类别: Discovery Projects
• 财政年份: 2010
• 资助国家: 澳大利亚
• 起止时间: 2010-01-01 至 2013-06-30
• 项目状态: 已结题
• 来源: https://dataportal.arc.gov.au/RGS/Web/Grants/DP1093363
• 关键词: Evaluation; targeting; rules; implementing; monetary

Monetary policy plays a primary role in stabilising business cycle fluctuations and in mitigating the effects of large economic shocks. This research deals with key issues in the operation of monetary policy. Our econometric analysis will provide new evidence on the short term goals pursed by central banks and improve our understanding their trade-offs. One application of our results will be an improvement in the ability to measure and evaluate the performance of central banks. Greater evidence on the objectives and constraints of central banks will increase public knowledge and understanding of monetary policy, leading to more effective policy.

货币政策在稳定商业周期波动和减轻大规模经济冲击的影响方面发挥着主要作用。本研究涉及货币政策操作中的关键问题。我们的计量经济学分析将为中央银行追求的短期目标提供新的证据，并提高我们对他们权衡的理解。我们的研究结果的一个应用将是提高衡量和评估中央银行业绩的能力。更多关于中央银行的目标和限制的证据将增加公众对货币政策的了解和理解，从而导致更有效的政策。