Poole, William; Rasche, Robert H.; Wheelock, David C. - Federal Reserve Bank of St. Louis - 2008
SOMC favored rules-based policy, arguing that discretionary
policy can succeed only if monetary authorities have full …, 1999), as well as standard
real business cycle models (e.g., Prescott, 1986). Clarida, Gali and Gertler (1999), Woodford …