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The Explanatory Power of Monetary Policy Rules

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NBER2007-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13685
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This paper shows that the theory of monetary policy rules is able to explain, predict, and help understand a variety of phenomenon in macroeconomics and finance, including the Great Moderation, the correlation between exchange rates and interest rates, and the shift in the response of the term
提供机构:
美国国家经济研究局
创建时间:
2007-12-01
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