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Historical monetary policy analysis and the Taylor rule

Article Abstract:

The usefulness of the Taylor-rule framework as an organizing device for describing the policy debate and evolution of monetary policy in the United States is examined. Policy is generally formulated in a forward-looking manner with price stability and economic stability during the 1920's serving as implicit or explicit guides.

Author: Orphanides, Athanasios
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
Industrial management

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Monetary policy evaluation with noisy information

Article Abstract:

The implications of noisy information regarding the measurement of economic activity for the evaluation of monetary policy are examined. The policy evaluations suggest that activist monetary policy can improve the macroeconomic performance.

Author: Orphanides, Athanasios
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
Evaluation, Macroeconomics

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Comment on: 'the incredible Volcker disinflation.'

Article Abstract:

The impact of disinflation, on monetary reforms under chairman Paul Volcker of Federal Reserve Board, is examined.

Author: Orphanides, Athanasios
Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2005
Government expenditures, Executive changes & profiles, Officials and employees, Economic policy, Inflation (Finance), United States. Federal Reserve Board, Inflation (Economics), Volcker, Paul A.

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Subjects list: United States, Analysis, Forecasts and trends, Economic conditions, Market trend/market analysis, Monetary policy
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