Lessons for Monetary Policy : What Should the Consensus Be?

What Should the Consensus Be?

Lessons for Monetary Policy : What Should the Consensus Be?
This paper outlines important lessons for monetary policy. In particular, the role of inflation targeting, which was much acclaimed prior to the financial crisis and since then has not lost much of its endorsement, is critically reviewed. Ignoring the relation between monetary policy and asset prices, as is the case in this monetary policy... READ MORE...

Publication date: April 2011
ISBN 9781455254286
$18.00

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