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

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 http://public.tepper.cmu.edu/facultydirectory/FacultyDirectoryProfile.aspx?id=96.

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

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