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Monetary Policy Rules

by Taylor, John B. A

  • ISBN: 9780226791241
  • ISBN10: 0226791246

Monetary Policy Rules

by Taylor, John B. A

  • List Price: $70.00
  • Binding: Hardcover
  • Publisher: University of Chicago Press
  • Publish date: 01/01/1999
  • ISBN: 9780226791241
  • ISBN10: 0226791246
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Description: Acknowledgments Introduction John B. Taylor 1. Performance of Operational Policy Rules in an Estimated Semiclassical Structural Model Bennett T. McCallum and Edward Nelson Comment: Mark Gertler Discussion Summary 2. Interest Rate Rules in an Estimated Sticky Price Model Julio J. Rotemberg and Michael Woodford Comment: Martin Feldstein Discussion Summary 3. Policy Rules for Open Economies Laurence Ball Comment: Thomas J. Sargent Discussion Summary 4. Forward-Looking Rules for Monetary Policy Nicoletta Batini and Andrew G. Haldane Comment: Donald L. Kohn Discussion Summary 5. Policy Rules for Inflation Targeting Glenn D. Rudebusch and Lars E. O. Svensson Comment: Frederic S. Mishkin Comment: James H. Stock Discussion Summary 6. Robustness of Simple Monetary Policy Rules under Model Uncertainty Andrew Levin, Volker Wieland, and John C. Williams Comment: Lawrence J. Christiano and Christopher J. Gust Discussion Summary 7. A Historical Analysis of Monetary Policy Rules John B. Taylor Comment: Richard H. Clarida Discussion Summary 8. What Should the Monetary Authority Do When Prices Are Sticky? Robert G. King and Alexander L. Wolman Comment: Benjamin M. Friedman Discussion Summary 9. Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty Arturo Estrella and Frederic S. Mishkin Comment: Robert E. Hall Discussion Summary Contributors Author Index Subject Index
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