Targeting Rules vs. Instrument Rules for Monetary Policy: What is Wrong with McCallum and Nelson?
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https://www.nber.org/papers/w10747
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资源简介：
McCallum and Nelson's (2004) criticism of targeting rules for the analysis of monetary policy is rebutted. First, McCallum and Nelson's preference to study the robustness of simple monetary-policy rules is no reason at all to limit attention to simple instrument rules; simple targeting rules may
提供机构：
美国国家经济研究局
创建时间：
2004-09-01
