Recent Developments in the Analysis of Monetary Policy Rules (ICPSR 1215)

Version Date: May 2, 2000

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Principal Investigator(s):
Bennett T. McCallum, Federal Reserve Bank of St. Louis

https://doi.org/10.3886/ICPSR01215.v1

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Summary

After a brief review of key developments in the application of monetary theory to policy analysis, the author describes the central aspects of the typical framework used to analyze monetary policy rules. He reviews the methods used to study the effects of policy behavior and provides an example of how two rules (the McCallum rule and the Taylor rule) can be used to investigate recent monetary policy in Japan. His example shows why it may be important for central banks to develop monetary policy procedures based on monetary-aggregate as well as interest-rate instruments.

Citation

McCallum, Bennett T. Recent Developments in the Analysis of Monetary Policy Rules. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2000-05-02. https://doi.org/10.3886/ICPSR01215.v1

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Distributor(s)

Inter-university Consortium for Political and Social Research
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Data Collection Notes

  1. (1) The file submitted is 9911mb.zip, which unzips to 9911mb.xls. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator if further information is desired.

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Original Release Date

2000-05-02

Version History

2018-02-15 The citation of this study may have changed due to the new version control system that has been implemented. The previous citation was:

  • McCallum, Bennett T. Recent Developments in the Analysis of Monetary Policy Rules. ICPSR01215-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2000-05-02. http://doi.org/10.3886/ICPSR01215.v1

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Notes

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