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An Econometric Evaluation of International Monetary Policy Rules: Fixed Versus Flexible Exchange Rates
Econometric Evaluation International Monetary Policy Rules
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2015/8/4
An Econometric Evaluation of International Monetary Policy Rules: Fixed Versus Flexible Exchange Rates.
Discretion Versus Policy Rules in Practice.
Inflation Targeting and Monetary Policy Rules: Experience and Research
Inflation Monetary Policy
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2015/8/4
Inflation Targeting and Monetary Policy Rules: Experience and Research.
For a country that chooses not to "permanently"
fix its exchange rate through a currency
board, or a common currency, or some kind of
dollarization, the only alternative monetary policy
that can w...
The Dual Nature of Forecast Targeting and Instrument Rules: A Comment on Michael Woodford’s ‘Forecast Targeting as a Monetary Policy Strategy: Policy Rules in Practice,’
Forecast Targeting Instrument Rules
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2015/8/3
I thank Michael Woodford for writing such a thoughtful and useful paper on
monetary policy. It is filled with fascinating ideas and insights, each carefully explained.
As befits this final “Looking ...
We first document a large secular shift in the estimated response of the entire term structure of interest
rates to inflation and output in the United States. The shift occurred in the early 1980s. W...