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Rules and discretion in monetary policy

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  • Gerald P. Dwyer

Abstract

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Suggested Citation

  • Gerald P. Dwyer, 1993. "Rules and discretion in monetary policy," Review, Federal Reserve Bank of St. Louis, issue May, pages 3-13.
  • Handle: RePEc:fip:fedlrv:y:1993:i:may:p:3-13
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    File URL: https://files.stlouisfed.org/files/htdocs/publications/review/93/05/Rules_May_Jun1993.pdf
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    References listed on IDEAS

    as
    1. Cooper, J Phillip & Fischer, Stanley, 1974. "Monetary and Fiscal Policy in the Fully Stochastic St. Louis Econometric Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 6(1), pages 1-22, February.
    2. Calvo, Guillermo A, 1978. "On the Time Consistency of Optimal Policy in a Monetary Economy," Econometrica, Econometric Society, vol. 46(6), pages 1411-1428, November.
    3. Henry C. Simons, 1936. "Rules versus Authorities in Monetary Policy," Journal of Political Economy, University of Chicago Press, vol. 44, pages 1-1.
    4. John B. Carlson, 1988. "Rules versus discretion: making a monetary rule operational," Economic Review, Federal Reserve Bank of Cleveland, issue Q III, pages 2-13.
    5. Leonall C. Andersen & Keith M. Carlson, 1986. "A monetarist model for economic stabilization," Review, Federal Reserve Bank of St. Louis, issue Oct, pages 45-66.
    6. James B. Bullard, 1991. "Learning, rational expectations and policy: a summary of recent research," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 50-60.
    7. Alison Butler, 1990. "A methodological approach to chaos: are economists missing the point?," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 36-48.
    8. Pindyck, Robert S, 1973. "Optimal Policies for Economic Stabilization," Econometrica, Econometric Society, vol. 41(3), pages 529-560, May.
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    Citations

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    Cited by:

    1. Malte Tobias Kähler, 2011. "From German Rules to European Discretion: Policy’s Slippery Slope," Chapters,in: Institutions in Crisis, chapter 9 Edward Elgar Publishing.
    2. Chapra, Muhammad Umer, 1996. "Monetary Management In An Islamic Economy," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 4, pages 2-35.

    More about this item

    Keywords

    Monetary policy ; Velocity of money;

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