The author presents an analytical framework for the formulation of a central bank policy rule and examines some … conceptual issues relating to the current debate over the effectiveness of such rules. In discussing the move by many central … banks to adopt a price-level or inflation rate target--the basis for one type of rule--he suggests that central banks are …

countries, central banks have a single long-run goal defined in terms of an inflation target. Yet while central banks have … narrowly defined long-run goals, most monitor a wide range of economic indicators.> Why do central banks collect and analyze so …

Low inflation over long periods is the sign of an effective central bank. The authors suggest that a large fraction of … central banks. …

Central banks have done a very impressive job of achieving low and stable rates of inflation in recent years. But … CEO of the Federal Reserve Bank of Cleveland, discusses some of those challenges and how central banks might best prepare …