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. (1383). Economic Stability and the Central Bank: Rule of Discretion. , 9(10), 121-133. doi: 10.22059/ier.2004.30908
. "Economic Stability and the Central Bank: Rule of Discretion". , 9, 10, 1383, 121-133. doi: 10.22059/ier.2004.30908
. (1383). 'Economic Stability and the Central Bank: Rule of Discretion', , 9(10), pp. 121-133. doi: 10.22059/ier.2004.30908
. Economic Stability and the Central Bank: Rule of Discretion. , 1383; 9(10): 121-133. doi: 10.22059/ier.2004.30908

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.
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