Correct answer = D
"Monetary Policy," Michael Parkin
2008 Modular Level I, Vol. 2, pp. 479-483
Study Session 6-28-e
compare and contrast the new monetarist and new Keynesian feedback rules
The McCallum rule, in the spirit of a monetarist fixed rule, attempts to make adjustments to the monetary base while targeting the inflation rate. On the other hand, the Taylor rule takes a Keynesian perspective and attempts to adjust the federal funds rate while targeting the inflation rate. | 
发表于 2008-5-31 22:25
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