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.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
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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.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
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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.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2005
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