A Review of Monetary Policy Rules

Christopher A. Sims

25 citations0/0 files storedJournal of Economic Literature

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Monetary Policy and Economic Impact Global Financial Crisis and Policies Economic theories and models

Abstract

This article reviews Monetary Policy Rules, edited by John Taylor. The book evaluates the Taylor rule, a policy rule that specifies changes in the central bank's interest rate according to what is happening to two variables, real output and inflation. Questions are raised about (a) how well the models fit the data; (b) the validity of the assumption that there has been clear improvement in monetary policy; and (c) the rule's microfoundations.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 25 citations exist upstream.

References

2003What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules 2004The performance and robustness of simple monetary policy rules in models of the Canadian economy

Cited by

2003Squeezing the Interest Rate Smoothing Weight with a Hybrid Expectations Model 2006A comparison of twelve macroeconomic models of the Canadian economy 2001An Investigation of Output Variance Before and During Inflation Targeting

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.