Nominal income targeting with the monetary base as instrument: an evaluation of McCallum's rule
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References listed on IDEAS
- Bennett T. McCallum, 1987. "The case for rules in the conduct of monetary policy: a concrete example," Economic Review, Federal Reserve Bank of Richmond, vol. 73(Sep), pages 10-18.
- McCallum, Bennett T, 1985.
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- Rik Hafer & Joseph H. Haslag & Scott E. Hein, 1991. "Evaluating monetary base targeting rules," Working Papers 9104, Federal Reserve Bank of Dallas.
- 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.
Citations
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Cited by:
- Feige, Edgar L., 1997. "Revised estimates of the Underground Economy: Implications of US Currency held abroad," MPRA Paper 13805, University Library of Munich, Germany.
- Meixing DAI, 2009.
"On the role of money growth targeting under inflation targeting regime,"
Working Papers of BETA
2009-11, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Dai, Meixing, 2009. "On the role of money growth targeting under inflation targeting regime," MPRA Paper 13780, University Library of Munich, Germany.
- McCallum, Bennett T., 1999.
"Issues in the design of monetary policy rules,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 23, pages 1483-1530,
Elsevier.
- Bennett T. McCallum, 1997. "Issues in the Design of Monetary Policy Rules," NBER Working Papers 6016, National Bureau of Economic Research, Inc.
- Thornton, Saranna Robinson, 2000. "How do broader monetary aggregates and divisia measures of money perform in McCallum's adaptive monetary rule?," Journal of Economics and Business, Elsevier, vol. 52(1-2), pages 181-204.
- Bennett T. McCallum, 1995.
"Monetary Policy Rules and Financial Stability,"
Palgrave Macmillan Books, in: Kuniho Sawamoto & Zenta Nakajima & Hiroo Taguchi (ed.), Financial Stability in a Changing Environment, chapter 9, pages 389-438,
Palgrave Macmillan.
- Bennett T. McCallum, 1994. "Monetary Policy Rules and Financial Stability," NBER Working Papers 4692, National Bureau of Economic Research, Inc.
- Estrella, Arturo & Mishkin, Frederic S., 1997.
"Is there a role for monetary aggregates in the conduct of monetary policy?,"
Journal of Monetary Economics, Elsevier, vol. 40(2), pages 279-304, October.
- Arturo Estrella & Frederic S. Mishkin, 1996. "Is There a Role for Monetary Aggregates in the Conduct of Monetary Policy?," NBER Working Papers 5845, National Bureau of Economic Research, Inc.
- Dai, Meixing, 2007.
"The design of a ‘two-pillar’ monetary policy strategy,"
MPRA Paper
14403, University Library of Munich, Germany, revised Mar 2009.
- Dai, Meixing, 2009. "The Design of a 'Two-Pillar' Monetary Policy Strategy," Economics Discussion Papers 2009-29, Kiel Institute for the World Economy (IfW Kiel).
- Michael Dotsey & Christopher Otrok, 1994. "M2 and monetary policy: a critical review of the recent debate," Economic Quarterly, Federal Reserve Bank of Richmond, issue Win, pages 41-49.
- Jefferson, Philip N., 2000.
"'Home' base and monetary base rules: elementary evidence from the 1980s and 1990s,"
Journal of Economics and Business, Elsevier, vol. 52(1-2), pages 161-180.
- Philip N. Jefferson, 1997. "'Home' base and monetary base rules: elementary evidence from the 1980s and 1990s," Finance and Economics Discussion Series 1997-21, Board of Governors of the Federal Reserve System (U.S.).
- Stark, Tom & Croushore, Dean, 1998.
"Evaluating McCallum's Rule When Monetary Policy Matters,"
Journal of Macroeconomics, Elsevier, vol. 20(3), pages 451-485, July.
- Dean Croushore & Tom Stark, 1996. "Evaluating McCallum's rule when monetary policy matters," Working Papers 96-3, Federal Reserve Bank of Philadelphia.
- Dai, Meixing, 2011.
"Financial market imperfections and monetary policy strategy,"
Economic Modelling, Elsevier, vol. 28(6), pages 2609-2621.
- Meixing DAI, 2010. "Financial market imperfections and monetary policy strategy," Working Papers of BETA 2010-19, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Bennett T. McCallum, 1994. "How can monetary policy be improved?," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 38, pages 245-249.
- John P. Judd & Brian Motley, 1993. "Using a nominal GDP rule to guide discretionary monetary policy," Economic Review, Federal Reserve Bank of San Francisco, pages 3-11.
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- repec:zbw:bofrdp:1995_021 is not listed on IDEAS
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Keywords
Monetary policy - United States; Income; Money supply;All these keywords.
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