Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the internation

The paper considers the merits of rules and discretion for monetary policy when the structure of the macroeconomic model and the probability distributions of di

This timely volume presents the latest thinking on the monetary policy rules and seeks to determine just what types of rules and policy guidelines function best

United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous sho