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Money Growth Monitoring and the Taylor Rule

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NBER2001-10-01 更新2025-01-04 收录
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Using a series of examples, we review the various ways in which a monetary policy characterized by the Taylor rule can inject volatility into the economy. In the examples, a particular modification to the Taylor rule can reduce or even entirely eliminate the problems. Under the modified policy, the

创建时间:
2001-10-01
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