The evolution of monetary policy rules

Thomas Sargent

    Research output: Contribution to journalArticle

    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.

    Original languageEnglish (US)
    Pages (from-to)147-150
    Number of pages4
    JournalJournal of Economic Dynamics and Control
    Volume49
    DOIs
    StatePublished - Dec 1 2014

    Fingerprint

    Monetary Policy
    Fiscal Policy
    Line
    Credit
    Monetary and fiscal policy
    Evolutionary
    Monetary policy rules
    Milton Friedman
    Money

    Keywords

    • 100% reserve requirement
    • Free banking
    • Friedman 1948 rule
    • Friedman 1960 rule

    ASJC Scopus subject areas

    • Economics and Econometrics
    • Control and Optimization
    • Applied Mathematics

    Cite this

    The evolution of monetary policy rules. / Sargent, Thomas.

    In: Journal of Economic Dynamics and Control, Vol. 49, 01.12.2014, p. 147-150.

    Research output: Contribution to journalArticle

    Sargent, Thomas. / The evolution of monetary policy rules. In: Journal of Economic Dynamics and Control. 2014 ; Vol. 49. pp. 147-150.
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