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Comments on ‘Rules, Discretion and Reputation in a Model of Monetary Policy’ by R.J. Barro and D.B. Gordon
Reputation Monetary Policy
2015/8/5
Comments on ‘Rules, Discretion and Reputation in a Model of Monetary Policy’ by R.J. Barro and D.B. Gordon.
Comments on ‘Rules, Discretion and Reputation in a Model of Monetary Policy’ by R.J. Barro and D.B. Gordon
Reputation Monetary Policy
2015/8/5
Comments on ‘Rules, Discretion and Reputation in a Model of Monetary Policy’ by R.J. Barro and D.B. Gordon.
Aldrich blamed the Federal Reserve’s easy-money policies of the 1920s
for helping to cause the Great Depression. In the late ’40s, he was concerned
that the Fed would monetize the enormous World War...
This lecture starts with a review of historical trends in the balance between rules
and discretion: first toward more discretionary policies in the 1960s and 1970s;
second toward more rules-based po...
Monetary Policy Rules Work and Discretion Doesn’t: A Tale of Two Eras
monetary policy rules discretion
2015/8/3
This lecture examines monetary policy during the past three decades. It
documents two contrasting eras: first a Rules-Based Era from 1985 to 2003
and second an Ad Hoc Era from 2003 to the present. D...
Looking back at actual U.S. macroeconomic policy during this period,
I see major swings in the balance between rules and discretion, first away
from discretion toward rules-based policies and then b...
Discretion Within the Constraints of Opportunity:Gender Homophily and Structure in a Formal Organization
Interactive Communication Data and Data Sets Organizational Structure Partners and Partnerships Behavior Online Technology Theory Information Technology Industry
2015/4/24
Homophily in social relations is widely documented. We know that homophily results from both individual preferences and uneven opportunities for interaction, but how these two mechanisms interact in f...