PPT-Monetary Rules vs. Discretion

Scott Sumner Bentley University and the Mercatus Center Three Types of Monetary Policy Setting the price of money in terms of a commodity a foreign currency the CPI basket or NGDP Setting the . 1 DEREGULATION OF INTEREST RATE RULES Personal Remote GMS – Concept Design. Wireless Enabled Technology . – the first of its kind – . designed with children in mind. Discretion. – . desired appearance. Discretion will be touted as a revolutionary new diabetes monitoring device, the first to utilize wireless technologies to ensure the health and safety of those you hold most precious -- your children.. Michael Best. Stanford. ieGovern. Impact Evaluation Workshop. Istanbul, Turkey. January 27-30, 2015. : #. ieGovern. Setting the Scene: Bureaucracy. How do bureaucrats implement policy?. Bureaucrats follow . Yilin DONG . The role of investment under direct sanctions. A representative agent with utility function:. . U. 1. =u(C. 1. )+βu(C. 2. ). Fist period finance constraint is:. . Monetary Policy. Fiscal and Monetary Policy. The Nature of Fiscal Policy. THE NATURE OF FISCAL POLICY. The purpose of fiscal policy. correcting a fundamental disequilibrium. fine tuning. Government finances. Discretion vs. Simplemindedness . Recognizing and avoiding words, actions, and attitudes that could bring undesirable consequences. . Example. Do you say or do in private what you would not want to explain in public?. for Monetary Policy. John B. Taylor. Stanford University. . John C. Williams. Federal Reserve Bank of San Francisco. The opinions expressed are those of the authors and do not necessarily reflect the . This web quiz may appear as two pages on tablets and laptops.. I recommend that you view it as one page by clicking on the open book icon at the bottom of the page.. 16b – Other Monetary Policy Issues. A Reconsideration” by Narayana . Kocherlakota. Alan S. Blinder. Brookings Institution and Princeton University. BPEA, September 15, 2016. 1. This is two mini-papers. A . theoretical. discussion of why discretion is better than rules.. M. . Finkler. Lecture. Goals for Macro Stability. Keep inflation low enough to not affect decision making. Keep GDP close to GDP Potential. Dual Mandate – 1977 Congressional amendment to the Federal Reserve Act. The Monetary System: What It Is and How It Works Chapter 4, Macroeconomics , by N. Gregory Mankiw , 8 th Edition ECO62 , Udayan Roy Three Main Questions What is money? What is the role of a nation’s banking system in determining the quantity of money in the economy? Dgx000Beox001Cx000Etx000E titx000EPx001Etv 3 hx001Evvx000Epix000E mtiitetcHup x001C2 425-440x001F https//x000Ebx000E-tesox000Fvix000Egx001Fotg/utx000Ex000Ebx000Ede0168-ssox001Bt-59188-7x001EiSx001Etvp . Introduction. - Monetary policy is concerned with the changes in the supply of money and credit. It refers to the policy measures undertaken by the government or the central bank to influence the availability, cost and use of money and credit with the help of monetary techniques to achieve specific objectives. It aims to influence two major variables:. Macro prudential . Policies: The Role of New Monetary Policy Rules. Dr. Nicholas . Apergis. University of Piraeus. Event: . ADFIMI International Development Forum Meeting. Doha 25/04/2016. Roadmap. ► The new banking environment: idiosyncratic...