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Three revolutions in macroeconomics : their nature and influence

Laidler, David E. W. - In: The European journal of the history of economic thought 22 (2015) 1, pp. 1-25

Persistent link: https://www.econbiz.de/10010482980

Three revolutions in macroeconomics : their nature and influence

Laidler, David E. W. - 2013

It is then argued that, whereas Monetarism brought about a revival of the quantity theory of money from the limbo into … despite the fact that, initially, RE-NC economics appeared to be a mainly technical extension and refinement of Monetarism …

Persistent link: https://www.econbiz.de/10009765542

Chapter 15. Simple and Robust Rules for Monetary Policy

Taylor, John B.; Williams, John C. - In: Handbook of monetary economics : volume 3, (pp. 829-859). 2010

This paper focuses on simple normative rules for monetary policy that central banks can use to guide their interest rate decisions. Such rules were first derived from research on empirical monetary models with rational expectations and sticky prices built in the 1970s and 1980s. During the past...

Persistent link: https://www.econbiz.de/10014025627

Money supply and the implementation of interest rate targets

Schabert, Andreas - 2005

rate sequences that satisfy interest rate target rules. An interest rate target with a positive inflation feedback in … general corresponds to money growth rates rising with inflation. When prices are not completely flexible, this implies that a … target can be implemented by a non-destabilizing money supply, even if the inflation feedback exceeds one, which is often …

Persistent link: https://www.econbiz.de/10011343954