| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w8539 |
| 来源ID | Working Paper 8539 |
| Money Growth Monitoring and the Taylor Rule | |
| Lawrence J. Christiano; Massimo Rostagno | |
| 发表日期 | 2001-10-01 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | Using a series of examples, we review the various ways in which a monetary policy characterized by the Taylor rule can inject volatility into the economy. In the examples, a particular modification to the Taylor rule can reduce or even entirely eliminate the problems. Under the modified policy, the central bank monitors the money growth rate and commits to abandoning the Taylor rule in favor of a money growth rule in case money growth passes outside a particular monitoring range. |
| 主题 | Macroeconomics ; Monetary Policy ; Business Cycles |
| URL | https://www.nber.org/papers/w8539 |
| 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/566143 |
| 推荐引用方式 GB/T 7714 | Lawrence J. Christiano,Massimo Rostagno. Money Growth Monitoring and the Taylor Rule. 2001. |
| 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 | ||
| w8539.pdf（867KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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