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Sunday, April 26, 2020 | History

2 edition of Rules versus discretion found in the catalog.

Rules versus discretion

Alexandre Lamfalussy

Rules versus discretion

an essay on monetary policy in an inflationaryenvironment

by Alexandre Lamfalussy

  • 365 Want to read
  • 7 Currently reading

Published by Bank for International Settlements, Monetary and Economic Dept in Basle .
Written in English


Edition Notes

Statementby Alexandre Lamfalussy.
SeriesBIS economic papers ; no. 3
The Physical Object
Pagination50 p. ;
Number of Pages50
ID Numbers
Open LibraryOL21519959M


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Rules versus discretion by Alexandre Lamfalussy Download PDF EPUB FB2

An earlier rules-versus-discretion debate had taken place in the s and s. 1 The later one, which was inspired by the stagflation of the s, differed in Rules versus discretion book it.

In “Rules versus Discretion: A Reconsideration,” former President of the Federal Reserve Bank of Minneapolis Narayana Kocherlakota finds that reliance on monetary policy rules—the so-called.

Rules versus Discretion: A Reconsideration ABSTRACT In this paper, I evaluate the relative merits Rules versus discretion book rules versus dis- cretion in making monetary policy, from both empirical and theoretical perspec.

Friedman, Benjamin M. “Rules Versus Discretion at the Federal Reserve: On to the Second Century.” Journal of Macroeconomics 34 (3):   The debate over “rules vs. discretion” was a centerpiece of disputes over monetary policy during the ss.

One of the most important contributions to this debate was by. T1 - Rules versus discretion. T2 - The productivity consequences of flexible regulation.

AU - Majumdar, Sumit K. AU - Marcus, Alfred A. PY - /2. Y1 - / by: The article analyses the advantages and disadvantages of discretion as compared to the management that follows strictly defined rules. The special focus is on Bulgarian practice and : Garabed Minassian.

imposing constraints to fiscal policy from the “rules versus discretion” framework, so successfully applied to the case of monetary policy (Kydland and Prescott, ; Barro and Gordon, ).

Rules, Discretion, and Audacity: A Critique of Kocherlakota "Rules versus Discretion: that monetarist ideas — and a preference for monetary rules over discretion is essentially.

I like Steve Waldman’s post getting between the arguments of The Epicurean Dealmaker [TED] and Yves Smith over the issue of rules versus discretion in resolution authority.

TED: “But I Author: Rortybomb.