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Vol. 86, No. 2
Posted 2004-03-01

Timeless Perspective vs. Discretionary Monetary Policy in Forward-Looking Models

by Bennett T. McCallum and Edward Nelson

On the Timeless Perspective: This article examines the distinction between the timeless perspective and discretionary modes of monetary policymaking.

To request copies of the programs used to generate Tables 1-8, please contact the authors at edward.nelson@stls.frb.org or bm05@andrew.cmu.edu. You may also visit Bennett McCallum's web page at <a href="http://public.tepper.cmu.edu/facultydirectory/FacultyDirectoryProfile.aspx?id=96">http://public.tepper.cmu.edu/facultydirectory/FacultyDirectoryProfile.aspx?id=96</a>.



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