Monetary policy rules
By: [edited by] John B. Taylor.
Contributors: Taylor, John B.; National Bureau of Economic Research Conference on Research in Business Cycles (1998 : Stanford University)
Series: Studies in business cycles -- v. 31; Studies in business cycles -- no. 31.
Publisher: University of Chicago Press
Published: 2001
Place of publication: Chicago
Language: eng
Number of pages: 447
Subjects: Monetary policy -- Econometric models -- Congresses; Monetary policy -- United States -- Econometric models -- Congresses
Genres: Congresses.
Description: "This volume results from a unique cooperative research effort between nearly thirty monetary experts and policymakers from central banks and universities who evaluated different policy rules using a variety of techniques.

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, illustrate that simple policy rules are more robust and more efficient than complex rules with multiple variables."--BOOK JACKET.

"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."--BOOK JACKET.
Notes: Papers based on the National Bureau of Economic Research Conference on Research in Business Cycles, held at Stanford University, 1998.

Includes bibliographical references and indexes.