Baltensperger, Ernst; Hildebrand, Philipp M.; Jordan, … - Schweizerische Nationalbank (SNB) - 2007
The practice of monetary policy has evolved a great deal since the early 1990s. This evolution was significantly influenced by rapid developments in the theory of monetary policy. A new consensus about 'principles-based' monetary policy appears to be emerging. It marries a firm long-term anchor...
