Timeless Perspectives vs. Discretionary Monetary Policy In Forward-Looking Models
收藏NBER2000-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7915
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资源简介：
This paper reviews the distinction between the timeless perspective and discretionary modes of monetary policymaking, the former representing rule-based policy as recently formalized by Woodford (1999b). In models with forward-looking expectations, this distinction is greater than in the models that
提供机构：
美国国家经济研究局
创建时间：
2000-09-01
