نتایج جستجو برای: mccallum rule

تعداد نتایج: 156166  

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...

Journal: Iranian Economic Review 2004

The history of monetary policy in Iran, judging by their performance in keeping the value of the currency, maintaining a steady growth in the Gross Domestic Product, faltering investment, show that monetary policy has not been a portrait of consistent successes, to say the least. As a result of the recent studies two rules have emerged as guideline for policy makers: Taylor rule and McCallum ru...

Journal: :iranian economic review 0

the history of monetary policy in iran, judging by their performance in keeping the value of the currency, maintaining a steady growth in the gross domestic product, faltering investment, show that monetary policy has not been a portrait of consistent successes, to say the least. as a result of the recent studies two rules have emerged as guideline for policy makers: taylor rule and mccallum ru...

Journal: :SSRN Electronic Journal 2008

Journal: :پژوهش های رشد و توسعه اقتصادی 0
سید ضیاالدین کیا حسینی استادیار اقتصاد و عضو هیئت علمی دانشگاه مفید، قم، ایران مونا هاشمی کارشناس ارشد علوم اقتصادی، دانشگاه آزاد اسلامی، تهران، ایران امین حاتمی دانشجوی دکتری اقتصاد دانشگاه پیام نور، تهران، ایران رافیک نظریان استادیار اقتصاد و عضو هیئت علمی دانشگاه آزاد واحد تهران مرکزی، تهران، ایران

the most important objectives of monetary policy are to provide price stability, economic growth and favorable employment levels. since achieving these goals is not directly accessible for policy makers, so introducing and studying the appropriate tools and intermediate targets seem necessary. for this reason, this paper tries to answer this question: whether can we introduce an appropriate rul...

The purpose of the present research is to investigate the effective channels of the monetary transmission mechanism in Iran. To do so, we devised a New Keynesian Dynamic Stochastic General Equilibrium Model. In our model, the different types of nominal rigidities are introduced beside all the related structural equations, which are extracted and linearized around a steady state point. Furthermo...

Journal: :Journal of the Asia Pacific Economy 2012

2008
Danfeng Kong

With the development of market-oriented economic reforms, Chinese monetary policy plays an important role in the world. The objective of this paper is to review the recent conduct of Chinese monetary policy and the central bank’s rule-based behavior in period 1994-2006 by estimating the monetary policy rules (monetary policy reaction function). It compares four kinds of monetary policy rules -T...

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