Showing 1 - 10 of 24
Persistent link: https://www.econbiz.de/10003374841
"This paper examines what we have learned and how we should change our thinking about monetary policy strategy in the aftermath of the 2007-2009 financial crisis. It starts with a discussion of where the science of monetary policy was before the crisis and how central banks viewed monetary...
Persistent link: https://www.econbiz.de/10008856005
Persistent link: https://www.econbiz.de/10003256438
Persistent link: https://www.econbiz.de/10002379942
Persistent link: https://www.econbiz.de/10001538408
This paper examines what we have learned and how we should change our thinking about monetary policy strategy in the aftermath of the 2007-2009 financial crisis. It starts with a discussion of where the science of monetary policy was before the crisis and how central banks viewed monetary policy...
Persistent link: https://www.econbiz.de/10012461902
This paper, which is the introductory chapter in my book, "Monetary Policy Strategy", forthcoming from MIT Press, outlines how thinking in academia and central banks about monetary policy strategy has evolved over time. It shows that six ideas that are now accepted by monetary authorities and...
Persistent link: https://www.econbiz.de/10012466151
However, central banks can improve transparency in discussing that they do care about reducing output fluctuations . By describing procedures for how the path and horizon of inflation targets would be modified in the face of large shocks, by emphasizing that monetary policy will be just as...
Persistent link: https://www.econbiz.de/10012467860
Persistent link: https://www.econbiz.de/10011771463
Persistent link: https://www.econbiz.de/10013475753