MONETARY POLICY AND THE CREDIT CRUNCH |
| |
Authors: | Patrick Minford |
| |
Affiliation: | Cardiff University Business School |
| |
Abstract: | This article examines how interest rates should have been changed in response to the commodity price shock and the credit crunch under different assumptions for the decision rules that might be used by central banks. |
| |
Keywords: | Taylor Rule money supply targeting credit crunch |
|