Work

Recent Developments in the Analysis of Monetary Policy Rules

Year: 2000

Type: dataset

Abstract: After a brief review of key developments in the application of monetary theory to policy analysis, the author describes the central aspects of the typical framework used to analyze monetary policy rules. He reviews the methods used to study the effects of policy behavior and provides an example of how two rules (the McCallum rule and the Taylor rule) can be used to investigate recent monetary policy in Japan. His example shows why it may be important for central banks to develop monetary policy procedures based on monetary-aggregate as well as interest-rate instruments.

Source: ICPSR Data Holdings

DOI: 10.3886/icpsr01215

Author: Bennett T. McCallum

Institution: Carnegie Mellon University

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W4234467964

Cites: 30

Cited by: 13

Related to: 10