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- W3140640809 abstract "Using a series of examples, we review the various ways in which a monetary policy characterized by the Taylor rule can inject volatility into the economy. In the examples, a particular modification to the Taylor rule can reduce or even entirely eliminate the problems. Under the modified policy, the central bank monitors the money growth rate and commits to abandoning the Taylor rule in favor of a money growth rule in case money growth passes outside a particular monitoring range." @default.
- W3140640809 created "2021-04-13" @default.
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- W3140640809 date "2001-10-01" @default.
- W3140640809 modified "2023-09-27" @default.
- W3140640809 title "Money Growth Monitoring and the Taylor Rule" @default.
- W3140640809 hasPublicationYear "2001" @default.
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