The Greenspan Monetary Rule
Abstract
The remarks of Alan Greenspan at the 2005 Jackson Hole conference sponsored by the Kansas City Fed were quite enlightening. The Maestro touched on what he considered were the most important developments on the way monetary policy has been approached and implemented under his tenure. The presentation is important for another reason. It documents how the quantity rule and price rule have had an impact on the design and implementation of US monetary policy. His presentation recounts what he considered important developments in central banking and the implementation of monetary policy.
Keywords
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