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Our most academic publication offers research and surveys on monetary policy, national and international developments, banking, and more. The content is written for an economically informed readership—from the undergraduate student to the PhD.


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.

Cite this article

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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