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An Econometric Evaluation of International Monetary Policy Rules: Fixed Versus Flexible Exchange Rates.
Discretion Versus Policy Rules in Practice.
Inflation Targeting and Monetary Policy Rules: Experience and Research.
For a country that chooses not to "permanently" fix its exchange rate through a currency board, or a common currency, or some kind of dollarization, the only alternative monetary policy that can w...
I thank Michael Woodford for writing such a thoughtful and useful paper on monetary policy. It is filled with fascinating ideas and insights, each carefully explained. As befits this final “Looking ...

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