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Monetary policy rules and U.S. monetary policy
Journal of Post Keynesian Economics, 2008An inflation-augmented Atesoglu monetary policy rule is introduced. The Atesoglu rule is based on an estimate of the neutral rate of interest of Keynes. Actual Fed monetary policy and policy implied by Atesoglu rules are compared. During the 1994:2-2006:4 period, monetary policy suggested by the inflation-augmented Atesoglu rule is closer to that ...
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2008
Today monetary policy is the principle way in which governments influence the macroeconomy To implement monetary policy the monetary authority uses its policy instruments (short-term interest rates or the monetary base) to achieve its desired goals of low inflation and real output close to potential.
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Today monetary policy is the principle way in which governments influence the macroeconomy To implement monetary policy the monetary authority uses its policy instruments (short-term interest rates or the monetary base) to achieve its desired goals of low inflation and real output close to potential.
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Overconfidence in Monetary Theory and Monetary Policy
2001In this chapter we argue that when it comes to present-day monetary theory and policy, economists suffer from myopia and are prone to herd behaviour. As a result, too many economists give too much weight to actual economic developments which can have an excessive impact on economic theory and policy.
Brakman, S.+2 more
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2013
Von Mises has insisted that money is not a creation of the Law or a simple medium of exchange but rather a commodity itself whose value has to be determined, along with the prices of all other commodities, in the general equilibrium of an unhampered, competitive economy.
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Von Mises has insisted that money is not a creation of the Law or a simple medium of exchange but rather a commodity itself whose value has to be determined, along with the prices of all other commodities, in the general equilibrium of an unhampered, competitive economy.
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Monetary Theory and Monetary Policy in the 1970's
Journal of Money, Credit and Banking, 1972G. Clayton+3 more
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Monetary Aggregate and Monetary Policy.
The Journal of Finance, 1976Warren L. Coats, Richard G. Davis
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