The Empirics of Monetary Policy Rules in Open Economies

This paper was prepared as a Keynote Address for the ESRC Conference on the Future of Macroeconomics held at the Bank of England Conference Center on April 14, 2000. It uses the empirical framework for formulating and estimating forward looking monetary policy rules developed in Clarida, Gali,

本文为2000年4月14日于英格兰银行会议中心举办的经济与社会研究委员会（Economic and Social Research Council，ESRC）“宏观经济学的未来”学术会议所准备的主旨演讲。本文采用了Clarida与Gali提出的用于构建与估计前瞻性货币政策规则的实证分析框架。