Perspektiven und Grenzen der Verwendung geldpolitischer Regeln

Ralf Fendel

Perspektiven der Wirtschaftspolitik, 2004, vol. 5, issue 2, 169-192

Abstract: Abstract: Monetary policy rules that take the form of interest rate rules are becoming more and more popular and widely‐used in research on monetary theory, and some authors even recommend their use in practical monetary policy. This paper systemizes the variety of proposed interest rate rules and draws connections to their theoretical roots. On the basis of new research results the paper also discusses possibilities of using such rules in practice. Due to a variety of problems the scope for practical use remains very limited.

Date: 2004
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https://doi.org/10.1111/j.1468-2516.2004.00146.x

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