The evolution of monetary policy rules

Thomas J. Sargent

doi:10.1016/j.jedc.2014.09.021

The evolution of monetary policy rules

Thomas J. Sargent

Research output: Contribution to journal › Article › peer-review

Abstract

This article examines the evolutionary forces involved in the development of monetary policy rules over time, considering in particular how these relate to proposals made by Milton Friedman and Walter Bagehot. The lines between money and credit and between monetary and fiscal policy are given special focus.

Original language	English (US)
Pages (from-to)	147-150
Number of pages	4
Journal	Journal of Economic Dynamics and Control
Volume	49
DOIs	https://doi.org/10.1016/j.jedc.2014.09.021
State	Published - Dec 1 2014

Keywords

100% reserve requirement
Free banking
Friedman 1948 rule
Friedman 1960 rule

ASJC Scopus subject areas

Economics and Econometrics
Control and Optimization
Applied Mathematics

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10.1016/j.jedc.2014.09.021

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The evolution of monetary policy rules

Abstract

Keywords

ASJC Scopus subject areas

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