Money and Banking: What Everyone Should Know Season 1 Episode 30 Should Central Banks Follow a Policy Rule?
- November 1, 2023
- 30 min
The question of policy rules versus policy "discretion" highlights how central banks operate. Examine the case favoring predictable policy by the Fed in addressing economic events, compared with treating each event as unique. Evaluate the claim that the Fed followed a specific policy rule during the term of Alan Greenspan.