Rules versus Discretion: A Reconsideration

Narayana Kocherlakota

Brookings Papers on Economic Activity, 2016, vol. 47, issue 2 (Fall), 1-55

Keywords: rules; discretion; monetary policy; Federal Open Market Committee; recovery; Taylor rule; Bengt Holmström; inflation bias (search for similar items in EconPapers)
Date: 2016
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