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Monetary rules: theory and practice

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  • Charles I. Plosser

Abstract

Frameworks for Central Banking in the Next Century Policy Conference, Hoover Institution, Stanford, CA President Plosser discusses his views on the benefits of a systematic, rule-like approach to monetary policy. He gave related remarks on May 28, 2014, at the 2014 Bank of Japan?Institute for Monetary and Economic Studies Conference.

Suggested Citation

  • Charles I. Plosser, 2014. "Monetary rules: theory and practice," Speech 101, Federal Reserve Bank of Philadelphia.
    • Handle: RePEc:fip:fedpsp:101
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/institutional/speeches/plosser/2014/05-30-14-hoover.pdf
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    Cited by:

    1. Krug, Sebastian, 2015. "The interaction between monetary and macroprudential policy: Should central banks "lean against the wind" to foster macrofinancial stability?," Economics Working Papers 2015-08, Christian-Albrechts-University of Kiel, Department of Economics.
    2. Kocherlakota, Narayana R., 2019. "Practical policy evaluation," Journal of Monetary Economics, Elsevier, vol. 102(C), pages 29-45.
    3. Krug, Sebastian, 2018. "The interaction between monetary and macroprudential policy: Should central banks 'lean against the wind' to foster macro-financial stability?," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 12, pages 1-69.
    4. Charles Richard Barrett & Ioanna Kokores & Somnath Sen, 2016. "Monetary policy games, financial instability and incomplete information," Annals of Finance, Springer, vol. 12(2), pages 161-178, May.

    More about this item

    Keywords

    Monetary policy; Forecasts; John Taylor;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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