MONETARY POLICY RULES

Updated 36 days ago
  • ID: 25676894/119
Up-to-date, accurate estimates of academic monetary policy rules. Intended to be purely a reference, and not any sort of endorsement in the rules versus discretion debate... Base year is July 2009 consistent with Lars Christensen's argument that the Federal Reserve now implicitly follows a 4% NGDP target... (Note: the Federal Reserve officially announced its 2% inflation target in 2012)
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