Timeless Perspectives vs. Discretionary Monetary Policy In Forward-Looking Models
收藏NBER2000-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7915
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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
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美国国家经济研究局创建时间：
2000-09-01
