Macroeconomic Policy Rules in Theory and in Practice

@inproceedings{Allsopp2005MacroeconomicPR,
  title={Macroeconomic Policy Rules in Theory and in Practice},
  author={Christopher J Allsopp},
  year={2005}
}
This paper discusses the two-way interaction between policy and academic enquiry regarding rules for monetary policy. The emerging consensus on monetary policy is described; in that context, some of the features of the current UK system are outlined which seem particularly important. From a political-economy point of view, what really matters is that an appropriate policy framework should be instituted with the right general properties; a second set of questions, about improving or even… CONTINUE READING

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