The methodology for assessing interest-rate policy rules: some comments

This paper is critical of the conceptual foundations and methodology adopted by in his exploration of the impact of different interest-rate policy rules on inflation. His modelling framework is too narrow to adequately discriminate between different interest-rate rules in terms of their broader macr...

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Bibliographic Details
Published in:European journal of economics and economic policies 2021-12, Vol.18 (3), p.275-285
Main Author: Watts, Martin
Format: Article
Language:English
Subjects:
Central banks
COVID-19
Fiscal policy
Inflation
inflation models
Inflation rates
Interest rates
International finance
Macroeconomics
Monetary policy
Securities markets
zero interest-rate policy (ZIRP)
zero real policy rate (ZRRP)
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Description
Summary:This paper is critical of the conceptual foundations and methodology adopted by in his exploration of the impact of different interest-rate policy rules on inflation. His modelling framework is too narrow to adequately discriminate between different interest-rate rules in terms of their broader macroeconomic impacts.
ISSN:2052-7772
2052-7764
2052-7772
DOI:10.4337/ejeep.2021.03.02