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Commentary on "targeting versus instrument rules for monetary policy: what is wrong with McCallum and Nelson?"

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Author Info
Bennett T. McCallum
Edward Nelson

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Abstract

The following are comments in response to Lars Svensson's "Targeting versus Instrument Rules for Monetary Policy: What Is Wrong with McCallum and Nelson?"

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File URL: http://research.stlouisfed.org/publications/review/05/09/McCallumCommentary.pdf
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Article provided by Federal Reserve Bank of St. Louis in its journal Review.

Volume (Year): (2005)
Issue (Month): Sep ()
Pages: 627-632
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Handle: RePEc:fip:fedlrv:y:2005:i:sep:p:627-632:n:v.87no.5

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Keywords: Monetary policy;

References listed on IDEAS
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  1. Levin, Andrew T. & Williams, John C., 2003. "Robust monetary policy with competing reference models," Journal of Monetary Economics, Elsevier, vol. 50(5), pages 945-975, July. [Downloadable!] (restricted)
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  2. Friedman, Milton, 1982. "Monetary Policy: Theory and Practice," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 14(1), pages 98-118, February. [Downloadable!] (restricted)
  3. Christian Jensen & Bennett C. McCallum, 2002. "The Non-Optimality of Proposed Monetary Policy Rules Under Timeless-Perspective Commitment," NBER Working Papers 8882, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
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This page was last updated on 2009-12-15.


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