Alternative monetary policy rules for the Philippines
A theoretical basis for modifying the currently popular nominal feedback rules is provided for the conduct of monetary policy so that they react to the forecasted inflation rate, instead of to current or past actual inflation. It is shown that such a modification reduces the risk of economic instabi...
| Published in: | The Philippine Review of Business and Economics Vol. XXXVIII, No. 2 (December 2001), p. [1]-36. |
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| Main Author: | |
| Format: | Analytics |
| Language: | English |
| Published: |
2001.
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| Subjects: |