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metadata language: English

Recent Developments in the Analysis of Monetary Policy Rules

Resource Type
Dataset : survey data
  • McCallum, Bennett T. (Federal Reserve Bank of St. Louis)
Other Title
  • Archival Version (Subtitle)
Publication Date
Free Keywords
central banks; monetary policy
  • Abstract

    After a brief review of key developments in the application of monetary theory to policy analysis, the author describes the central aspects of the typical framework used to analyze monetary policy rules. He reviews the methods used to study the effects of policy behavior and provides an example of how two rules (the McCallum rule and the Taylor rule) can be used to investigate recent monetary policy in Japan. His example shows why it may be important for central banks to develop monetary policy procedures based on monetary-aggregate as well as interest-rate instruments.
  • Table of Contents


    • DS1: Dataset
Geographic Coverage
  • Japan
  • Global
Collection Mode
  • (1) The file submitted is, which unzips to 9911mb.xls. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator if further information is desired.

This version of the study is no longer available on the web. If you need to acquire this version of the data, you have to contact ICPSR User Support (
Alternative Identifiers
  • 1215 (Type: ICPSR Study Number)
  • Is previous version of
    DOI: 10.3886/ICPSR01215.v1
  • McCallum, Bennett T.. Recent developments in the analysis of monetary policy rules. Federal Reserve Bank of St. Louis Review.81, (6), 3-11.1999.

Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15

McCallum, Bennett T. (2000): Recent Developments in the Analysis of Monetary Policy Rules. Archival Version. Version: v0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.