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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
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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. Geoffrey H. Moore & Julius Shiskin, 1967. "Indicators of Business Expansions and Contractions," NBER Books, National Bureau of Economic Research, Inc, number moor67-2.
    2. 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.).
    3. 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.
    4. 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.
    5. R. M. Parish, 1964. "Reply," The Economic Record, The Economic Society of Australia, vol. 40(90), pages 265-267, June.
    6. 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.
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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. Ben S. Bernanke & William Poole & John B. Taylor, 2008. "Panel discussion," Review, Federal Reserve Bank of St. Louis, vol. 90(Jul), pages 405-420.
    3. Charles Freedman, 1981. "Monetary Aggregates as Targets: Some Theoretical Aspects," NBER Working Papers 0775, National Bureau of Economic Research, Inc.
    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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    Keywords

    Transparency; Monetary policy;

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