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The Role of Judgment and Discretion in the Conduct of Monetary Policy: Consequences of Changing Financial Markets

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NBER1993-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4599
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Conventional monetary policy rules based on intermediate targets, like the growth of money or credit, rest on the presumption that relationships correcting these variables to key measures of nonfinancial economic activity like income and prices are robust. When financial markets change in such a way
提供机构:
美国国家经济研究局
创建时间:
1993-12-01
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