1.

Record Nr.

UNINA9910452851203321

Titolo

The Taylor rule and the transformation of monetary policy [[electronic resource] /] / edited by Evan F. Koenig, Robert Leeson, George A. Kahn

Pubbl/distr/stampa

Stanford, Calif., : Hoover Institution Press, Stanford University, 2012

ISBN

0-8179-1406-4

Descrizione fisica

1 online resource (368 p.)

Collana

Hoover Institution Press publication ; ; no. 615

Altri autori (Persone)

KoenigEvan F

LeesonRobert

KahnGeorge A <1956-> (George Arnett)

Disciplina

339.5/3015195

Soggetti

Taylor's rule

Monetary policy - Mathematical models

Monetary policy - United States - History

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Monetary policy rules : from Adam Smith to John Taylor / Pier Francesco Asso, Robert Leeson -- The Taylor Rule and the practice of central banking / George A. Kahn -- A comparison with Milton Friedman / Edward Nelson -- Two basic principles / Robert E. Lucas -- The great moderation / Ben S. Bernanke -- The great deviation / John B. Taylor -- It's not so simple / Donald L. Kohn -- Forecast targeting as a monetary policy strategy : policy rules in practice / Michael Woodford -- The dual nature of forecast targeting and instrument rules / John B. Taylor -- Evaluating monetary policy / Lars E.O. Svensson -- Overview / Ben S. Bernanke -- The view from inside the Fed / Janet Yellen -- The view from inside the European Central Bank / Otmar Issing -- The view from central banks in emerging markets / Guillermo Ortiz -- A view from the financial markets / John P. Lipsky.

Sommario/riassunto

A contributors' ""who's who"" from the academic and policy communities explain and provide perspectives on John Taylor's revolutionary thinking about monetary policy. They explore some of the literature that Taylor inspired and help us understand how the new ways of thinking that he pioneered have influenced actual policy here



and abroad.