Discretionary Monetary Policy Versus Rules : The Japanese Experience During 1986-91 /
This paper compares the hypothetical performance of various monetary policy rules with that of the discretionary policies actually pursued in Japan over the 1986-91 period. The results suggest that simple rules based on targeting growth in either the money supply, nominal income, or prices would hav...
| Autor principal: | |
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
1992.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 1992/063 |
| Accés en línia: | Full text available on IMF |