Kern, Florian; Sigl-Glöckner, Philippa; Krahé, Max - 2022
and the Fed pursued, at least officially, a monetary targeting strategy. We explain the analytical fallacies that underlay … monetary targeting resulted in institutional choices that continue to prevent monetary policy from achieving the Union's stated … objectives in an optimal manner to this day. Considering that the quantity theory of money underlying monetary targeting is also …