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the central banks, or their equivalent, in six of the main East Asian developing economies. Some of these economies have … issued by the national government--not the central bank--be developed for the central bank's use in its monetary policy …
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This paper reviews the progress that the science of monetary policy has made over recent decades. This progress has significantly expanded the degree to which the practice of monetary policy reflects the application of a core set of "scientific" principles. However, there remains, and will...
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a speech at the Cato Institute 25th Annual Monetary Conference, Washington, D.C.
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