The history of monetary policy in Iran, judging by their performance in keeping the value of the currency, maintaining a steady growth in the Gross Domestic Product, faltering investment, show that monetary policy has not been a portrait of consistent successes, to say the least. As a result of the recent studies two rules have emerged as guideline for policy makers: Taylor rule and McCallum rule. This study finds using the McCallum rule for monetary policy improves its outcome.
. (2004). Economic Stability and the Central Bank: Rule of Discretion. Iranian Economic Review, 9(10), 121-133. https://doi.org/10.22059/ier.2004.30908
MLA
. "Economic Stability and the Central Bank: Rule of Discretion", Iranian Economic Review, 9, 10, 2004, 121-133. doi: 10.22059/ier.2004.30908
HARVARD
. (2004). 'Economic Stability and the Central Bank: Rule of Discretion', Iranian Economic Review, 9(10), pp. 121-133. doi: 10.22059/ier.2004.30908
CHICAGO
, "Economic Stability and the Central Bank: Rule of Discretion," Iranian Economic Review, 9 10 (2004): 121-133, doi: 10.22059/ier.2004.30908
VANCOUVER
. Economic Stability and the Central Bank: Rule of Discretion. IER. 2004;9(10):121-133. doi: 10.22059/ier.2004.30908
