A rule that estimates the target growth rate of the money base required to create a certain level of inflation.
Related information about McCallum rule:
- McCallum rule - Wikipedia, the free encyclopedia
In monetary policy, the McCallum rule specifies a target for the monetary base ( M0) which could be used by a central bank. The McCallum rule was proposed by ...
- McCallum Rule Definition | Investopedia
A monetary policy development guideline developed by economist Bennett T. McCallum. The rule describes the relationship between inflation and the growth in ...
- Evaluating McCallum's rule for monetary policy - Federal Reserve ...
Evaluating McCa11um's Rule. For Monetary Policy ome economists have proposed that the. Federal Reserve follow a rigid rule for con- ducting monetary policy.
- McCallum rule: Definition from Answers.com
McCallum Rule A monetary policy development guideline developed by economist Bennett T. McCallum. The rule describes the relationship.
- DP2001/07 Is the Taylor rule really different from the McCallum rule?
(FFR), the money base-nominal GDP targeting rule (McCallum rule) ... stabilisation properties indicate that the modified McCallum rule is similar to the Taylor ...
- The Use of Policy Rules in Monetary Policy Analysis
Nov 18, 2002 ... with the McCallum-rule target variable, ∆xt—or vice versa. Several ... McCallum rule suggests monetary looseness—see McCallum (2000, Figs.
- Evaluating McCallum's rule when monetary policy matters
Downloadable! This paper provides new evidence on the usefulness of McCallum's proposed rule for monetary policy. The rule targets nominal GDP using the ...
- McCallum rule and Chinese monetary policy
Nov 21, 2008 ... Downloadable! This paper evaluates the usefulness of a McCallum monetary policy rule based on money supply for maintaining price stability ...