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Monetary policy reaction functions in the OECD

31-Dec-2010

Monetary policy reaction functions can provide insights into the factors influencing monetary policy decisions. Empirical estimates suggest that differences exist across countries as to whether monetary policy reacts solely to expected inflation or also takes into account expected output developments.

A golden rule for Russia? How a rule-based fiscal policy can allow a smooth adjustment to the new terms of trade

23-Jan-2007

This chapter addresses the challenge that the adjustment to sustained high oil prices poses for macroeconomic management, particularly with respect to competitiveness and inflation. Economics Department Working Paper 537 by Christian Gianella.

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