Evaluating McCallum rule as a policy guideline for China
نویسندگان
چکیده
منابع مشابه
Rule-based of Monetary Policy in Iran Inspired by McCallum Rule
Economists have reached a consensus that an independent central bank could improve its policy efficiency by following a monetary policy rule. One of the important rules is McCallum rule where that requires central banks to target the growth rate of nominal GDP using the monetary base as its instrument. One of the features of the McCallum rule uses the monetary base rather than the interest rate...
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ژورنال
عنوان ژورنال: Journal of the Asia Pacific Economy
سال: 2012
ISSN: 1354-7860,1469-9648
DOI: 10.1080/13547860.2012.694714