Simple and Robust Rules for Monetary Policy
---- Acknowledgements -----
We thank Andy Levin, Mike Woodford, and other participants at the Handbook of Monetary Economics Conference for helpful comments and suggestions. We also thank Justin Weidner for excellent research assistance. The opinions expressed are those of the authors and do not necessarily reflect the views of the management of the Federal Reserve Bank of San Francisco, the Board of Governors of the Federal Reserve System, or the National Bureau of Economic Research.