discussed how quickly a central bank should reduce inflation to its desired level following an inflationary episode. He argued … that a central bank is unlikely to wish to move immediately to price stability, since there are costs to disinflation and … agents have to learn about the central bank's commitment to price stability, also mean that a central bank may wish to react …

of these ideas and issues that will continue to challenge central bankers for years to come. The symposium was held at … distinguished group of central bank officials and academic, policy, and business economists to discuss these important challenges …

Over the past twenty years the world's major central banks have been largely successful at bringing inflation under … the next battles facing central bankers will lie on a different front. One development that has already concentrated the …

integration that affect central banks. First, increasing foreign trade is causing greater integration of countries and regions and … flows around the world is making it more difficult for central banks to achieve domestic objectives.> Focusing primarily on …

Forecasts of future economic developments play an important role for the monetary policy decisions of central banks …. For example, forecasts of goal variables can help central banks achieve their goals and make them more accountable to the …. Under such an approach, the quality of a central bank's forecasts and the effectiveness of its actions to bring forecasts …

Even in a world with rational expectations, it has been well established theoretically that if the central bank …