貨幣法則與所得波動
Journal
經濟論文叢刊
Journal Volume
29
Journal Issue
3
Pages
235-262
Date Issued
2001
Date
2001
Author(s)
林玫吟
Abstract
In this paper we examine the performance of a monetary policy rule that aims to smooth nominal GNP fluctuations and to stabilize fluctuations in stock prices. We modify McCallum's base rule (1987) and find that the proposed rule performs reasonably well in different structural models for Taiwan. However, the stabilizing effect for stock price is of secondary importance.
Subjects
貨幣法則
貨幣政策
景氣波動
monetary rule
monetary policy
business fluctuations
Type
journal article
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