A Primer on the Optimal Monetary Policy Rule: The Case of US*

2009 ◽  
Vol 12 (3) ◽  
pp. 57-78
Author(s):  
Jangryoul Kim ◽  
Gieyoung Lim
Keyword(s):  
Monetary Policy ◽  
Optimal Monetary Policy ◽  
Policy Rule ◽  
Monetary Policy Rule

scholarly journals Poole’s Stochastic IS-LM Model and Optimal Monetary Policy Rule: A Framework for Graduate Teaching

2012 ◽  
Vol 3 (4) ◽  
pp. 127-131
Author(s):  
Amaresh Das
Keyword(s):  
Monetary Policy ◽  
Optimal Monetary Policy ◽  
Policy Rule ◽  
Graduate Teaching ◽  
Monetary Policy Rule

Our comment revisits Poole’s popular exposition of the IS-LM model and proceeds to extend the discussion to best derive the optimal monetary policy rule. The key assumption is that the economy is closed with no transactions in goods and capital. This will help us better understand the basic working of the macro economy.

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