Rules Versus Discretion: Assessing the Debate Over the Conduct of Monetary Policy
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This paper reviews the state of the debate over rules versus discretion in monetary policy, focusing on the role of economic research in this debate. It shows that proposals for policy rules are largely based on empirical research using economic models. The models demonstrate the advantages of a
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美国国家经济研究局创建时间：
2017-12-01
