Monetary Policy Rules: from Adam Smith to John Taylor - Taylor Conference 2007 - FRB Dallas
نویسندگان
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:
منابع مشابه
Friedman and Taylor on Monetary Policy Rules: A Comparison - Taylor conference 2007 - FRB Dallas
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[To be added.] for helpful discussions; Mehmet Passaogullari for research assistance; the NSF for research support through a grant to the NBER; and the Kumho Visiting Professorship, Yale University, for providing the time to write this paper.
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