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Economic Stability and the Central Bank: Rule of Discretion | ||
Iranian Economic Review | ||
مقاله 8، دوره 9، شماره 10، تیر 2004، صفحه 121-133 اصل مقاله (568.89 K) | ||
شناسه دیجیتال (DOI): 10.22059/ier.2004.30908 | ||
چکیده | ||
The history of monetary policy in Iran, judging by their performance in keeping the value of the currency, maintaining a steady growth in the Gross Domestic Product, faltering investment, show that monetary policy has not been a portrait of consistent successes, to say the least. As a result of the recent studies two rules have emerged as guideline for policy makers: Taylor rule and McCallum rule. This study finds using the McCallum rule for monetary policy improves its outcome. | ||
آمار تعداد مشاهده مقاله: 910 تعداد دریافت فایل اصل مقاله: 792 |