United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous sho
The material in this book reflects, in many respects, the culmination of several years of research regarding the measurement of monetary policy. On all the issu
Over the last twenty-five years, a set of influential studies has placed interest rates at the heart of analyses that interpret and evaluate monetary policies.
This paper builds a model-based dynamic monetary and fiscal conditions index (DMFCI) and uses it to examine the evolution of the joint stance of monetary and fi
This timely volume presents the latest thinking on the monetary policy rules and seeks to determine just what types of rules and policy guidelines function best