Optimal Interest-Rate Rules in a Forward-Looking Model, and Inflation Stabilization versus Price-Level Stabilization
收藏NBER2010-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15986
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资源简介：
This paper characterizes the properties of various interest-rate rules in a basic forward-looking model. We compare simple Taylor rules and rules that respond to price-level fluctuations (called Wicksellian rules). We argue that by introducing an appropriate amount of history dependence in policy,
提供机构：
美国国家经济研究局
创建时间：
2010-05-01
