The methodology for assessing interest-rate policy rules: some comments

Martin Watts
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Martin Watts: Centre of Full Employment and Equity, The University of Newcastle, Newcastle, NSW, Australia

European Journal of Economics and Economic Policies: Intervention, 2021, vol. 18, issue 3, 275–285

Abstract: This paper is critical of the conceptual foundations and methodology adopted by in his exploration of the impact of different interest-rate policy rules on inflation. His modelling framework is too narrow to adequately discriminate between different interest-rate rules in terms of their broader macroeconomic impacts.

Keywords: zero interest-rate policy (ZIRP); zero real policy rate (ZRRP); inflation models (search for similar items in EconPapers)
JEL-codes: B22 E43 E52 E58 (search for similar items in EconPapers)
Date: 2021
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