评估利率政策规则的方法:一个答复

IF 0.8 Q3 ECONOMICS European Journal of Economics and Economic Policies-Intervention Pub Date : 2021-12-01 DOI:10.4337/ejeep.2021.03.03

John Smithin

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引用次数: 0

摘要

本文是对Watts(2021)的简短回复，Watts在smith(2020)中讨论不同利率政策规则对通货膨胀的影响时，对概念基础和方法持批评态度。回复的结论是，“零实际政策利率”(ZRPR)而不是“零利率政策”(ZIRP)的情况毫发无损。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The methodology for assessing interest-rate policy rules: a reply

This note is a brief reply to Watts (2021), who has been critical of the conceptual foundations and methodology in a discussion of the impact of different interest rate policy rules on inflation in Smithin (2020). The reply concludes that the case for a ‘zero real policy rate of interest’ (ZRPR), rather than a ‘zero interest rate policy’ (ZIRP), emerges unscathed.

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来源期刊

European Journal of Economics and Economic Policies-Intervention ECONOMICS-

CiteScore

1.70

自引率

0.00%

发文量

期刊介绍： The European Journal of Economics and Economic Policies: Intervention (EJEEP) is a peer-reviewed journal which serves as a forum for studies in macroeconomic theory, economic institutions and economic policies. The managing editors aim for productive debates involving one or more variants of heterodox economics, and invite contributions acknowledging the pluralism of research approaches. The submission of both theoretical and empirical work is encouraged. The managing editors contend that a wide variety of institutional and social factors shape economic life and economic processes. Only a careful study and integration of such factors into economics will lead to theoretical progress and to competent economic policy recommendations. This was clearly demonstrated by the inadequacy of orthodox economics, based on neoclassical foundations, to provide suitable explanations and responses to recent financial and economic crises.