Efficient Rules for Monetary Policy
收藏NBER1997-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5952
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资源简介：
This paper defines an efficient rule for monetary policy as one that minimizes a weighted sum of output variance and inflation variance. It derives several results about the efficiency of alternative rules in a simple macroeconomic model. First, efficient rules can be expressed as 'Taylor rules' in
提供机构：
美国国家经济研究局
创建时间：
1997-03-01
