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Interest-Rates-Free Monetary Policy Rule

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  • Raffinot, Thomas

    (Mercury Publication)

Abstract

Interest rates are unreliable indicators of appropriate monetary policy; low nominal rates do not indicate easy money. This paper attempts to assess the stance of monetary policy without relying on interest rates. A new monetary policy rule is developed b

Suggested Citation

  • Raffinot, Thomas, 2017. "Interest-Rates-Free Monetary Policy Rule," Working Papers 06898, George Mason University, Mercatus Center.
    • Handle: RePEc:ajw:wpaper:06898
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    File URL: https://mercury.mercatus.org/Product/ViewFinalCopy/268
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    References listed on IDEAS

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    Cited by:

    1. Bias Peter V. & Hall Joshua D., 2021. "A Test of Neo-Fisherism: 1964–2019," The B.E. Journal of Macroeconomics, De Gruyter, vol. 21(1), pages 221-251, January.

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