On the Optimal Choice of a Monetary Policy Instrument
收藏NBER2007-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13398
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The optimal choice of a monetary policy instrument depends on how tight and transparent the available instruments are and on whether policymakers can commit to future policies. Tightness is always desirable; transparency is only if policymakers cannot commit. Interest rates, which can be made
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美国国家经济研究局创建时间：
2007-09-01
