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Central Bank Policy Rules: Conceptual Issues and Practical Considerations

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NBER1997-12-01 更新2025-01-04 收录
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The design of rules for central bank policy has been a subject of increasing interest to many monetary economists. The purpose of this essay is first to present an analytical structure in which a policymaker is presumed to formulate a rule based on the solution to an optimal control problem, and

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1997-12-01
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