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  • ISBN: 9780226791258
  • ISBN10: 0226791254

Monetary Policy Rules

by Taylor

  • List Price: $41.00
  • Binding: Paperback
  • Publisher: Univ of Chicago Pr
  • Publish date: 05/01/2001
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Description: The question of whether to raise or lower interest rates or keep them the same is the most important decision that Federal Reserve officials face. In this collaborative volume nearly thirty monetary experts look at the potential repercussions of each choice. Using a variety of techniques to evaluate policy rules, they come to the striking conclusion that simple policy rules are more robust and more efficient than complex rules with multiple variables.

An up-to-the-minute appraisal of the issues facing the Federal Reserve Board and other central banks, Monetary Policy Rules is essential reading for economic analysts and policymakers alike.

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