Discretion versus policy rules in practice
References (11)
Robustness Properties of a Rule for Monetary Policy
- et al.
Rules, Discretion and Reputation in a Model of Monetary Policy
Journal of Monetary Economics
(1983) - et al.
Lectures in Microeconomics
(1989) - et al.
Evaluating Policy Regimes: New Research in Empirical Macroeconomics
(1993) Economic Report of the President
(1990)
There are more references available in the full text version of this article.
Cited by (4479)
The transmission of monetary policy shocks through the markets for reserves and money
2024, Journal of MacroeconomicsAsymmetric impacts of U.S. monetary policy on emerging markets: Contagion and macroeconomic determinants
2024, Journal of Economic AsymmetriesStock returns and monetary policy stance
2024, International Review of Economics and FinanceThe double materiality of climate physical and transition risks in the euro area
2024, Journal of Financial StabilityHousehold heterogeneity and the price puzzle in a new Keynesian model
2024, Journal of MacroeconomicsTaylor and fiscal rules: When do they stabilize the economy?
2024, Mathematical Social Sciences
- ∗
Research was supported by a grant from the National Science Foundation at the National Bureau of Economic Research and by the Stanford Center for Economic Policy Research. I am grateful to Craig Furfine, Ben McCallum, Volker Wieland, and Williams for helpful comments and assistance.
Copyright © 1993 Published by Elsevier B.V.