Peña, Guillermo - In: Journal of Central Banking Theory and Practice 9 (2020) 3, pp. 5-26
performance in the long run and for the monetary policy applied between the Great Moderation (GM) of 1987-2001 and the Global …-2007. Results corroborate the interferences among these variables for the discretionary monetary policy applied immediately after … the GM, within the "Ad Hoc Era" or "lax period", and independence when monetary policy was correctly applied and rules-based. …