The robustness and efficiency of monetary policy rules as guidelines for interest rate setting by the European central bank

Discretion versus policy rules in practice

John B. Taylor · Carnegie-Rochester Conference Series on Public Policy · 1993 · 9K citations

Public Affairs, Public Policy, Regulatory Policy +8

Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*

Richard H. Clarida, Mark Gertler · The Quarterly Journal of Economics · 2000 · 4.7K citations

Social Sciences, Economics, Economic Policy +14

Monetary policy rules in practice

Richard H. Clarida, Jordi Gaĺı, Mark Gertler · European Economic Review · 1998 · 2.2K citations

Social Sciences, Economics, Financial Economics +11

An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy

Julio J. Rotemberg, Michael Woodford · NBER Macroeconomics Annual · 1997 · 1.9K citations · Full text

Social Sciences, Economics, Econometrics +16

Monetary Policy Rules

John B. Taylor · 1999 · 1.7K citations

Social Sciences, Economics, Finance +12