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Misconceptions Regarding Rules vs. Discretion for Monetary Policy

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  • Bennett T. McCallum

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  • Bennett T. McCallum, 2004. "Misconceptions Regarding Rules vs. Discretion for Monetary Policy," Cato Journal, Cato Journal, Cato Institute, vol. 23(3), pages 365-372, Winter.
    • Handle: RePEc:cto:journl:v:23:y:2004:i:3:p:365-372
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    File URL: http://www.cato.org/sites/cato.org/files/serials/files/cato-journal/2004/1/cj23n3-5.pdf
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    References listed on IDEAS

    as
    1. Mccallum, Bennet T., 1988. "Robustness properties of a rule for monetary policy," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 29(1), pages 173-203, January.
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    Cited by:

    1. Athanasios Orphanides, 2015. "Fear of Liftoff: Uncertainty, Rules, and Discretion in Monetary Policy Normalization," Review, Federal Reserve Bank of St. Louis, vol. 97(3).
    2. Mohsin S. Khan, 2011. "The Design and Effects of Monetary Policy in Sub-Saharan African Countries-super- †," Journal of African Economies, Centre for the Study of African Economies, vol. 20(suppl_2), pages -35, May.
    3. Bank for International Settlements, 2016. "Objective-setting and communication of macroprudential policies," CGFS Papers, Bank for International Settlements, number 57.
    4. Yuan, Huiping & Miller, Stephen M., 2010. "Implementing optimal monetary policy: Objectives and rules," Economic Modelling, Elsevier, vol. 27(3), pages 737-745, May.
    5. Athanasios Orphanides, 2025. "Enhancing resilience with natural growth targeting," Southern Economic Journal, John Wiley & Sons, vol. 91(4), pages 1420-1439, April.
    6. Panagiotis Evangelopoulos, 2007. "Towards a synthesis of theories of State failure," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 54(1), pages 13-34, March.
    7. Mohsin S. Khan, 2009. "The Design and Conduct of Monetary Policy: Lessons for Pakistan (The Quaid-i-Azam Lecture)," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 48(4), pages 337-356.

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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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