RULE VS. DISCRETIONARY MONETARY POLICY: A THEORETICAL ANALYSIS TOWARD SELECTING APPROPRIATE STRATEGY

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KHORSANDI MORTEZA; ESLAMLOUEYAN KARIM

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Journal: ECONOMIC STRATEGY Year:2012 | Volume:1 | Issue:1 Page(s): 107-124

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Information Journal Paper

Title

RULE VS. DISCRETIONARY MONETARY POLICY: A THEORETICAL ANALYSIS TOWARD SELECTING APPROPRIATE STRATEGY

Author(s)

KHORSANDI MORTEZA | ESLAMLOUEYAN KARIM | Issue Writer Certificate

Keywords

MONETARY RULESQ2

DISCRETIONARY POLICIESQ2

POLICY RECOMMENDATIONSQ2

IRANQ2

Abstract

A strategic question on monetary policy is whether monetary policy should follow recognized and predetermined rules, or be left to discretion of policymakers. This paper studies the viewpoints of various economists before comparing regulation vs. discretion as a basis for monetary policies. Finally, a suitable policy strategy which is accepted by most economists and policymakers is introduced. In view of results and given economic conditions of IRAN, a combination of regulation and discretion is recommended to guide IRAN’s monetary policy.

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APA: Copy

KHORSANDI, MORTEZA, & ESLAMLOUEYAN, KARIM. (2012). RULE VS. DISCRETIONARY MONETARY POLICY: A THEORETICAL ANALYSIS TOWARD SELECTING APPROPRIATE STRATEGY. ECONOMIC STRATEGY, 1(1), 107-124. SID. https://sid.ir/paper/233883/en

Vancouver: Copy

KHORSANDI MORTEZA, ESLAMLOUEYAN KARIM. RULE VS. DISCRETIONARY MONETARY POLICY: A THEORETICAL ANALYSIS TOWARD SELECTING APPROPRIATE STRATEGY. ECONOMIC STRATEGY[Internet]. 2012;1(1):107-124. Available from: https://sid.ir/paper/233883/en

IEEE: Copy

MORTEZA KHORSANDI, and KARIM ESLAMLOUEYAN, “RULE VS. DISCRETIONARY MONETARY POLICY: A THEORETICAL ANALYSIS TOWARD SELECTING APPROPRIATE STRATEGY,” ECONOMIC STRATEGY, vol. 1, no. 1, pp. 107–124, 2012, [Online]. Available: https://sid.ir/paper/233883/en

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