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Rule-based Monetary Policy for Developing Countries

 

Marketed By :  VDM Verlag Dr. Müller   Sold By :  Kamal Books International  
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  • Product Description
 

Price and output stabilities determine the success of monetary policy in either economy. This paper briefly examines the monetary policy strategies of three developed countries (USA, UK, Sweden) and three developing countries (Bangladesh, India, Pakistan). It is found that the developed countries follow some rule-based monetary policy whereas the developing countries with ill-organised monetary system do not follow the rule- based policy, rather they often formulate and launch policies under some discretionary framework. The fundamental objective of this study is to examine the performance of rule-based monetary policy in developing countries by extracting experience from developed ones. Since its inception in 1993, Taylor rule has become synonymous to monetary policy. But it is a matter of fact that this rule was grounded on the developed economies and numerous researches have been carried out with the same respect disregarding the applicability of this rule to the developing economies. In this paper, I use one simple macroeconomic model to simulate the economies with the Taylor rule as monetary policy.

Product Specifications
SKU :COC38204
AuthorMohammed Saiful Islam
LanguageEnglish
BindingPaperback
Number of Pages60
Publishing Year2010-06-10T00:00:00.000
ISBN978-3639297638
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandVDM Verlag Dr. Müller
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-31 00:00:00