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An analysis of the institutional design of the Federal Reserve System, stating that the central bank should be given a clear legislative mandate to achieve price-level stability and financial market efficiency, along with the independence and accountability necessary to realize these goals.
Persistent link: https://www.econbiz.de/10005720943
An assertion that central banks can promote long-term investment and stable economic growth only by guaranteeing price stability and that a coordinated global easing of monetary policies would damage central-bank credibility and jeopardize progress against inflation.
Persistent link: https://www.econbiz.de/10005390329
Persistent link: https://www.econbiz.de/10005724911