Monetary Policy Rules: from Adam Smith to John Taylor - Taylor Conference 2007 - FRB Dallas

نویسندگان

  • John Taylor
  • Robert Leeson
  • Henry C. Simons
چکیده

The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Kansas City or the Federal Reserve System. (1993a) suggested that the federal funds rate (r) should normatively (with qualifications) and could positively (at least in the previous 5 years) be explained by a simple equation:

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تاریخ انتشار 2007