English, Article edition: A MANDATE OF PRICE STABILITY FOR THE FEDERAL RESERVE SYSTEM ROBERT L. HETZEL

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Bookmark: http://trove.nla.gov.au/version/185588
Physical Description
  • article
Language
  • English

Edition details

Title
  • A MANDATE OF PRICE STABILITY FOR THE FEDERAL RESERVE SYSTEM
Author
  • ROBERT L. HETZEL
Physical Description
  • article
Notes
  • In recent years, the rules-versus-discretion debate over monetary policy has taken on new life. In the 1960s, this debate focused on the relative merits of nonactivist policies versus activist stabilization policies. When rational expectations arguments emerged in the 1970s, the debate broadened into three categories: activist policies characterized by rules, activist policies characterized by discretion, and nonactivist policies characterized by rules. Copyright 1985 Western Economic Association International.
  • RePEc:bla:coecpo:v:3:y:1985:i:5:p:59-67
Language
  • English
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