Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
966013 | Journal of Macroeconomics | 2010 | 10 Pages |
Abstract
Previous work in monetary policy futures markets under a single policy goal have shown this approach to be effective at eliminating the circularity problem inherent with private-sector targeting strategies. We extend this monetary policy setting framework to a typical multiple goal policy objective: inflation and output stabilization. We also demonstrate how the prices in policy futures markets can help resolve debates over important policy questions.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Aaron L. Jackson,