Comment on: Historical monetary policy analysis and the Taylor rule
Article Abstract:
John Taylor argued that a simple empirical rule incorporating both inflation and deviations of real growth from potential could adequately explain the pattern between 1987 and 1992 of U.S. monetary policy decisions. The usefulness of broadly interpreted Taylor rules when applied to historical episodes in Federal Reserve monetary policy decisions is assessed by Orphanides.
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
Analysis, Industrial management
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
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A quantitative exploration of the opportunistic approach to disinflation
Article Abstract:
The approach taken by central banks, under monetary policy rules, to control inflation and stabilize output is discussed.
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2006
United Kingdom, Legal issues & crime, Government regulation (cont), Germany, Government regulation, Legal/Government Regulation, Interpretation and construction, Laws, regulations and rules, Inflation (Finance), Central banks, Control, Inflation (Economics)
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2006
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Subjects list: United States, Monetary policy
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