On the theory of interest rate policy

A new consensus in the theory of monetary policy has been reached pointing to the pivotal role of interest rates that are set in accordance with central banks' reaction functions. The decisive criterion of assessing the Taylor rule, inflation and monetary targeting is not the macrotheoretic fo...

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Bibliographic Details
Published in:	PSL Quarterly Review
Main Author:	Heinz-Peter Spahn
Format:	Article
Language:	English
Published:	Associazione Economia civile 2012-04-01
Subjects:	Interest Rates Interest Monetary Policy Monetary Policy
Online Access:	https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/9951

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