Discretion Versus Policy Rules In Practice

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Discretion Versus Policy Rules In Practice
discretion versus policy rules in practice
. economy’s potential output-which frequently is a factor in policy rules-involves predictions about productivity, labor-force participation, and changes in. precise algebraic formula. Moreover, there will be episodes where monetary policy will need to be adjusted to deal with special factors. restore confidence. The Fed would need more than a simple policy rule as a guide in such cases.

Language: english
PDF pages: 20, PDF size: 1.27 MB
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Rules Versus Discretion Debate Over Monetary Policy In The 1920s.
rules versus discretion debate over monetary policy in the 1920s.
.. These three divergent views regarding the proper role of monetary policy are summarized in this paper. In the 1920s, there was. to promote the objective of price level stability for monetary policy. [See Fisher (1934).] There was also an interest in price.

Language: english
PDF pages: 12, PDF size: 1.16 MB
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The Rules Versus Discretion Debate Over Monetary Policy In The 1920s
the rules versus discretion debate over monetary policy in the 1920s
.. These three divergent views regarding the proper role of monetary policy are summarized in this paper. In the 1920s, there was. to promote the objective of price level stability for monetary policy. [See Fisher (1934).] There was also an interest in price.

Language: english
PDF pages: 12, PDF size: 0.13 MB
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Quaderni Di Dipartimento Rules Versus Discretion In Fiscal Policy
quaderni di dipartimento rules versus discretion in fiscal policy
. is the need to restore consumer and business confidence, monetary policy tends to be ineffective, so that recovery depends on the implementation of active and extensive fiscal policy measures. But the use of the Government budget as a.

Language: english
PDF pages: 38, PDF size: 0.44 MB
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Monetary Policy Rules In Practice: Evidence From New Zealand
monetary policy rules in practice: evidence from new zealand
MONETARY POLICY RULES IN PRACTICE: EVIDENCE FROM NEW ZEALAND* Angela Huang Reserve Bank of New . test whether monetary policy conforms to the simple rules that have been recommended in the literature. While a Taylor rule with the standard parameters used in the US describes New Zealand monetary policy quite well, the Reserve. in the Taylor rule. However, restricting the description of policy to the information available at the time of setting policy does not result.

Language: english
PDF pages: 27, PDF size: 0.22 MB
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