Carnegie Mellon University
Browse

Recent Developments in Monetary Policy Analysis: The Roles of Theory and Evidence

Download (149.59 kB)
journal contribution
posted on 2002-01-01, 00:00 authored by Bennett T. McCallum
Both academic thinking about monetary economics and the practice of monetary policy have changed drastically since 1971–1973, when the rational expectations revolution was beginning and the Bretton Woods system was crumbling. The present article considers whether the various changes that have taken place were influenced primarily by economic theory or by empirical evidence—or by a combination of the two.

History

Date

2002-01-01

Usage metrics

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC