The Taylor Rule and the Macroeconomic Performance in Pakistan
Published By: Pakistan institute of Development Economics (PIDE) | Published Date: January, 01 , 2007A widely agreed proposition in modern economics is that policy rules have greater advantage over discretion in improving economic performance. Simple monetary policy instrument rules are feasible options for developing countries lacking the pre-requisites for more sophisticated targeting rules. Notwithstanding the focus of modern literature on the issue, the State Bank of Pakistan (SBP) has never declared itself to be following any type of rule.
Author(s): Wasim Shahid Malik, Ather Maqsood Ahmed | Posted on: Feb 15, 2016 | Views() | Download (178)