Making Discretion in Monetary Policy More Rule-Like
收藏NBER2017-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24135
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资源简介：
This paper argues that the rules versus discretion debate has been miscast because a central bank does not have to choose only between adopting a policy rule versus pure discretion, both of which have serious shortcomings. Rather it can choose a constrained discretionary regime that has rule-like
提供机构：
美国国家经济研究局
创建时间：
2017-12-01
