The evolution of monetary policy rules

Thomas Sargent

Journal of Economic Dynamics and Control, 2014, vol. 49, issue C, 147-150

Abstract: This article examines the evolutionary forces involved in the development of monetary policy rules over time, considering in particular how these relate to proposals made by Milton Friedman and Walter Bagehot. The lines between money and credit and between monetary and fiscal policy are given special focus.

Keywords: Friedman 1948 rule; Friedman 1960 rule; Free banking; 100% reserve requirement (search for similar items in EconPapers)
JEL-codes: E40 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:dyncon:v:49:y:2014:i:c:p:147-150

DOI: 10.1016/j.jedc.2014.09.021

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