• Corpus ID: 211479076

Issues related to monetary policy rules

@inproceedings{2007IssuesRT,
  title={Issues related to monetary policy rules},
  author={},
  year={2007},
  url={https://api.semanticscholar.org/CorpusID:211479076}
}

• Published 2007
• Economics

In the recent academic literature, monetary policy rules have become a prominent feature. In this context, a policy rule is often understood as a description, for all possible contingencies, of how a policy instrument reacts to changes in the economic environment. Such a rule is typically either postulated in a simple form, linking the policy instrument to a small set of economic variables or indicators, or it is derived explicitly from an optimisation problem given a particular representation… 

In the recent academic literature, monetary policy rules have become a prominent feature. In this context, a policy rule is often understood as a description, for all possible contingencies, of how a policy instrument reacts to changes in the economic environment. Such a rule is typically either postulated in a simple form, linking the policy instrument to a small set of economic variables or indicators, or it is derived explicitly from an optimisation problem given a particular representation of policy objectives and the working of the economy.