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The Dual Nature of Forecast Targeting and Instrument Rules: A Comment on Michael Woodford’s ‘Forecast Targeting as a Monetary Policy Strategy: Policy Rules in Practice
Policy Rules Practice
2015/8/3
Michael Woodford’s chapter is fi lled with fascinating ideas and insights,
each carefully explained. Most importantly, he proposes an ambitious
future research program with the specifi c practical p...
Are Structural VARs with Long-Run Restrictions Useful for Developing Monetary Policy Strategy in Egypt?
bank lending channel contemporaneous restrictions Egyptian economy interest rate channel long run restrictions
2011/8/21
On the basis of SVAR models of monetary policy in Egypt for the period December 1976–May 2006, our paper explores a new empirical assessment for the interest rate channel in correcting trouble in the ...
The Case for Forecast Targeting as a Monetary Policy Strategy
inflation-forecast targeting control short-term interest rates monetary policy inflation-forecast targeting
2011/8/21
At central banks around the world, including the Bank of England, Sweden's Riksbank, Norway's Norges Bank, and the Reserve Bank of New Zealand, policy is conducted on the basis of inflation-forecast t...