Tinbergen rule

E200968

The Tinbergen rule is an economic principle stating that achieving a set of independent policy targets requires at least an equal number of independent policy instruments.

All labels observed (1)

Label Occurrences
Tinbergen rule canonical 3

How this entity was disambiguated

Statements (45)

Predicate Object
instanceOf economic principle ⓘ
policy rule ⓘ
appliesTo exchange rate policy ⓘ
fiscal policy design ⓘ
macroeconomic stabilization policy ⓘ
monetary policy design ⓘ
multi-objective policy problems ⓘ
assumes independence of policy instruments ⓘ
independence of policy targets ⓘ
well-defined policy transmission mechanisms ⓘ
basedOnWorkOf Jan Tinbergen ⓘ
category economic policy rules ⓘ
macroeconomic theory concepts ⓘ
constraintOn design of fixed exchange rate systems ⓘ
design of monetary policy regimes ⓘ
number of policy targets ⓘ
contrastsWith policy approaches that ignore instrument limitations ⓘ
coreIdea each independent policy target requires at least one independent policy instrument ⓘ
describes relationship between policy instruments and policy targets ⓘ
field economic policy ⓘ
fiscal policy analysis ⓘ
macroeconomics ⓘ
monetary economics ⓘ
historicalContext developed in mid-20th century macroeconomic policy analysis ⓘ
implies need to increase number of instruments to achieve additional independent targets ⓘ
need to prioritize policy objectives when instruments are limited ⓘ
overambitious policy targets are infeasible with too few instruments ⓘ
policy makers cannot independently control more targets than instruments ⓘ
influenced central bank mandate design ⓘ
modern macroeconomic policy frameworks ⓘ
multi-mandate central banks ⓘ
namedAfter Jan Tinbergen ⓘ
relatedTo Mundell assignment rule ⓘ
instrument independence ⓘ
macroeconomic policy coordination ⓘ
policy consistency ⓘ
policy effectiveness ⓘ
target-instrument framework ⓘ
states number of independent policy instruments must be at least as large as number of independent policy targets ⓘ
teaches importance of matching instruments to objectives in policy design ⓘ
usedIn design of optimal policy frameworks ⓘ
development economics policy design ⓘ
international macroeconomics ⓘ
macroeconomic modeling ⓘ
policy assignment problem ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Jan Tinbergen → notableIdea → Tinbergen rule ⓘ
Mundell assignment rule → relatedTo → Tinbergen rule ⓘ