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  • Search: isPartOf:"FRBNY ECONOMIC POLICY REVIEW / AUGUST 1997, 1-7"
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Year of publication
Subject
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Central Bank 1 Geldpolitik 1 Inflation 1 Notenbank 1 Preisstabilität 1 wages 1
Online availability
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Free 1
Type of publication
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Article 1
Language
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English 1
Author
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McDonough, William J. 1
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Federal Reserve Bank <New York, NY> 1
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FRBNY ECONOMIC POLICY REVIEW / AUGUST 1997, 1-7 1 London School of Economics and Political Science - Publications 1
Source
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USB Cologne (business full texts) 1
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A Framework for the Pursuit of Price Stability
McDonough, William J. - Federal Reserve Bank <New York, NY> - 1997
[...]In my view, a goal of price stability requires thatmonetary policy be oriented beyond the horizon of itsimmediate impact on inflation and the economy. Thisimmediate horizon is on the order of two to three years.This orientation properly puts the focus of a forwardlookingpolicy on the time...
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