A guide to nominal feedback rules and their use for monetary policy

@inproceedings{Dueker1998AGT,
  title={A guide to nominal feedback rules and their use for monetary policy},
  author={Michael J. Dueker and Andreas M. Fischer},
  year={1998}
}
If price stability is to be sustained, monetary policy actions will inevitably resemble - in the long run - the prescriptions from nominal feedback rules, which are designed to achieve price stability. This property means that monetary policy might be well described by a nominal feedback rule in a low-inflation country such as Switzerland. In this article, Michael J. Dueker an Andreas M. Fischer provide a general description of nominal feedback rules and use one rule - with time-varying… CONTINUE READING

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