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8. Interest-Rate Targeting
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Kapitel in diesem Buch
- Frontmatter i
- Contents v
- Introduction 1
-
PART I. Rules versus Discretion
- 1. Developments in the Theory of Rules versus Discretion 9
- 2. A Positive Theory of Monetary Policy in a Natural Rate Model 29
- 3. Rules, Discretion, and Reputation in a Model of Monetary Policy 52
- 4. Inflationary Finance under Discretion and Rules 77
- 5. Reputation in a Model of Monetary Policy with Incomplete Information 97
-
PART II. Money and Business Fluctuations
- 6. Intertemporal Substitution and the Business Cycle 121
- 7. Time-Separable Preferences and Intertemporal-Substitution Models of Business Cycles 154
- 8. Interest-Rate Targeting 178
-
PART III. Fiscal Policy
- 9. The Ricardian Approach to Budget Deficits 213
- 10. U.S. Deficits since World War I 236
- 11. On the Predictability of Tax-Rate Changes 268
- 12. Output Effects of Government Purchases 298
- 13. Government Spending, Interest Rates, Prices, and Budget Deficits in the United Kingdom, 1701–1918 341
- Index 373
Kapitel in diesem Buch
- Frontmatter i
- Contents v
- Introduction 1
-
PART I. Rules versus Discretion
- 1. Developments in the Theory of Rules versus Discretion 9
- 2. A Positive Theory of Monetary Policy in a Natural Rate Model 29
- 3. Rules, Discretion, and Reputation in a Model of Monetary Policy 52
- 4. Inflationary Finance under Discretion and Rules 77
- 5. Reputation in a Model of Monetary Policy with Incomplete Information 97
-
PART II. Money and Business Fluctuations
- 6. Intertemporal Substitution and the Business Cycle 121
- 7. Time-Separable Preferences and Intertemporal-Substitution Models of Business Cycles 154
- 8. Interest-Rate Targeting 178
-
PART III. Fiscal Policy
- 9. The Ricardian Approach to Budget Deficits 213
- 10. U.S. Deficits since World War I 236
- 11. On the Predictability of Tax-Rate Changes 268
- 12. Output Effects of Government Purchases 298
- 13. Government Spending, Interest Rates, Prices, and Budget Deficits in the United Kingdom, 1701–1918 341
- Index 373