| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5055392 | Economic Modelling | 2011 | 13 Pages |
Abstract
⺠Incomplete interest rate pass-through justifies a two-pillar monetary policy strategy. ⺠The funds rate operating procedure and monetary targeting are complementary. ⺠Friedman's k-percent money growth rule can generate dynamic instability. ⺠Stable money growth rules must suitably react to variations in inflation or output.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Meixing Dai,