| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7017 |
| 来源ID | Working Paper 7017 |
| Taylor Rules in a Limited Participation Model | |
| Lawrence J. Christiano; Christopher J. Gust | |
| 发表日期 | 1999-03-01 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | We use the limited participation model of money as a laboratory for studying the operating characteristics of Taylor rules for setting the rate of interest. Rules are evaluated according to their ability to protect the economy from bad outcomes such as the burst of inflation observed in the 1970s. Based on our analysis, we argue for a rule which: (i) raises the nominal interest rate more than one-for-one with a rise in inflation; and (ii) does not change the interest rate in response to a change in output relative to trend. |
| 主题 | Macroeconomics ; Macroeconomic Models ; Money and Interest Rates |
| URL | https://www.nber.org/papers/w7017 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564539 |
| 推荐引用方式 GB/T 7714 | Lawrence J. Christiano,Christopher J. Gust. Taylor Rules in a Limited Participation Model. 1999. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w7017.pdf（568KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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