Atesoglu, H. Sonmez - In: Journal of Post Keynesian Economics 30 (2008) 3, pp. 403-408
An inflation-augmented Atesoglu monetary policy rule is introduced. The Atesoglu rule is based on an estimate of the neutral rate of interest of Keynes. Actual Fed monetary policy and policy implied by Atesoglu rules are compared. During the 1994:2-2006:4 period, monetary policy suggested by the...