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Discretion versus policy rules in practice

Discretion versus policy rules in practice

web.stanford.edu

*Research was supported by a grant from the National Science Foundation at the National Bureau of Economic Research and by the Stanford Center for Economic Policy Research. I am grateful to Craig Furfine, Ben McCallum, Volker Wieland, and John ... price level due to factors such as temporary changes in commodity prices. On the other hand, a ...

  Research, Rules, Policy, Practices, Versus, Bureau, Commodity, Discretion, Discretion versus policy rules in practice

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