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Rules-of-thumb for guiding monetary policy

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  • William Poole

Abstract

This article was originally published in the Board of Governors of the Federal Reserve System Open Market Policies and Operating Procedures-Staff Studies, July 1971. It is reprinted here as an addendum to these conference proceedings.

Suggested Citation

  • William Poole, 2008. "Rules-of-thumb for guiding monetary policy," Review, Federal Reserve Bank of St. Louis, vol. 90(Jul), pages 447-498.
    • Handle: RePEc:fip:fedlrv:y:2008:i:jul:p:447-498:n:v.90no.4
    as

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    File URL: https://files.stlouisfed.org/files/htdocs/publications/review/08/07/Poole1971.pdf
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    References listed on IDEAS

    as
    1. William Poole, 1969. "Optimal choice of monetary policy instruments in a simple stochastic macro model," Special Studies Papers 2, Board of Governors of the Federal Reserve System (U.S.).
    2. Frank De Leeuw & Edward M. Gramlich, 1968. "The Federal Reserve-MIT economic model," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Jan, pages 11-40.
    3. Geoffrey H. Moore & Julius Shiskin, 1967. "Indicators of Business Expansions and Contractions," NBER Books, National Bureau of Economic Research, Inc, number moor67-2.
    4. Charles C. Holt, 1962. "Linear Decision Rules for Economic Stabilization and Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 76(1), pages 20-45.
    5. William Poole, 1970. "Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(2), pages 197-216.
    6. R. M. Parish, 1964. "Reply," The Economic Record, The Economic Society of Australia, vol. 40(90), pages 265-267, June.
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    Cited by:

    1. Athanasios Orphanides & Volker W. Wieland, 2008. "Economic projections and rules of thumb for monetary policy," Review, Federal Reserve Bank of St. Louis, vol. 90(Jul), pages 307-324.
    2. Charles Freedman, 1981. "Monetary Aggregates as Targets: Some Theoretical Aspects," NBER Working Papers 0775, National Bureau of Economic Research, Inc.
    3. Ben S. Bernanke & William Poole & John B. Taylor, 2008. "Panel discussion," Review, Federal Reserve Bank of St. Louis, vol. 90(Jul), pages 405-420.
    4. Eleni Angelopoulou, 2007. "The Narrative Approach for the Identification of Monetary Policy Shocks in a Small Open Economy," Working Papers 55, Bank of Greece.

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    Transparency; Monetary policy;

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