Simple monetary policy rules and exchange rate uncertainty
نویسندگان
چکیده
منابع مشابه
Robustness of Simple Monetary Policy Rules under Model Uncertainty
In this paper, we investigate the properties of alternative monetary policy rules using four structural macroeconometric models: the Fuhrer-Moore model, Taylor’s Multi-Country Model, the MSR model of Orphanides and Wieland, and the FRB staff model. All four models incorporate the assumptions of rational expectations, short-run nominal inertia, and long-run monetary neutrality, but differ in man...
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ژورنال
عنوان ژورنال: Journal of International Money and Finance
سال: 2005
ISSN: 0261-5606
DOI: 10.1016/j.jimonfin.2005.01.001