The Effectiveness of Monetary Policy
FRB of St. Louis Working Paper No. 2005-048B
77 Pages Posted: 1 Aug 2005
Date Written: July 2005
Abstract
The analysis addresses changing views of the role and effectiveness of monetary policy, inflation targeting as an effective monetary policy, monetary policy and short-run (output) stabilization, and problems in implementing a short-run stabilization policy.
Keywords: Monetary policy, Inflation targeting, short-run stabilization policy
JEL Classification: E52
Suggested Citation: Suggested Citation
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