Ed Nelson on the Life, Work, and Legacy of Bennett McCallum
Macro Musings with David Beckworth
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Bennett McCallum's Perspective on Monetary Policy
The chapter explores Bennett McCallum's perspective on monetary policy, including his thoughts on the evolution from the Ben McCollum rule to the Taylor rule. It discusses McCallum's belief in growth rate targets and the decline of interest in policy rules. The chapter also touches upon the use of the McCollum rule as a cross check on monetary policy and McCallum's view on monetary aggregates.
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