Fuhrer, Jeffrey C. - In: New England Economic Review (1994) Sep, pp. 3-15
Central bankers in the United States and abroad must grapple with a broad array of questions about how best to conduct … central bank independence aid in achieving either or both of these goals? Does a stable, short-run trade-off between inflation … and unemployment exist, and can it be exploited by a central bank? What instrument should the central bank manipulate in …