Journalartikel

Jahr der Veröffentlichung: 2012

Seiten: 204-207

Zeitschrift: Economics Letters

Bandnummer: 117

Heftnummer: 1

Open Access Status: Green

DOI Link: https://doi.org/10.1016/j.econlet.2012.05.009

Verlag: Elsevier

Abstract: 

This paper shows that monetary policy should be delegated to a central bank that cross-checks optimal policy with information from the Taylor rule. Placing some weight on deviations from a Taylor rule reduces the stabilization bias of discretionary monetary policy.

Harvard-Zitierstil: Tillmann, P. (2012) Cross-checking optimal monetary policy with information from the Taylor rule, Economics Letters, 117(1), pp. 204-207. https://doi.org/10.1016/j.econlet.2012.05.009

APA-Zitierstil: Tillmann, P. (2012). Cross-checking optimal monetary policy with information from the Taylor rule. Economics Letters. 117(1), 204-207. https://doi.org/10.1016/j.econlet.2012.05.009