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Monetary Policy Rules






Publisher:  University of Chicago Press
Summary: Should we raise interest rates, lower interest rates, or keep them the same? This is the most difficult, yet the most important, question that Federal Reserve policymakers face. One decision could cause recession or inflation while another could cause continued economic expansion. Investors anticipate the Federal Reserve's decision as it affects bonds, stocks, and foreign exchange rates. This volume results from a un...ique cooperative research effort between nearly thirty monetary experts and policymakers from central banks and universities who evaluated different policy rules using a variety of techniques. Their striking findings on the potential response of interest rates to an array of variables, including alterations in the rates of inflation, unemployment, and exchange, illustrate that simple policy rules are more robust and more efficient than complex rules with multiple variables. A state-of-the-art appraisal of the fundamental issues facing the Federal Reserve Board and other central banks, Monetary Policy Rules is essential reading for economic analysts and policymakers alike.

Taylor, John B. is the author of Monetary Policy Rules, published under ISBN 9780226791258 and 0226791254. One hundred three Monetary Policy Rules textbooks are available for sale on ValoreBooks.com, fifty two used from the cheapest price of $16.75, or buy new starting at $33.74.
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Monetary Policy Rules

ISBN-13: 9780226791258

ISBN: 0226791254

Publisher: University of Chicago Press
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