Short Takes on Monetary Policy Strategy: An Introduction to Some Basic Concepts

85 Pages Posted: 26 Dec 2018 Last revised: 21 Feb 2019

See all articles by James A. Clouse

James A. Clouse

Board of Governors of the Federal Reserve System - Monetary and Financial Market Analysis Section

Date Written: 2018-12-21

Abstract

Over recent decades, central banks have made enormous strides in enhancing transparency around many elements of the formulation and conduct of monetary policy. Still, even for an audience of seasoned policy experts, providing clarity about aspects of monetary policy strategy is a daunting task and all the more so when the audience extends to the public at large. This collection of short notes attempts to take a small step in fostering more inclusive discussion of monetary policy strategy by presenting some standard results in a way that may be useful as an introduction to basic concepts for students and nonspecialists.

Suggested Citation

Clouse, James A., Short Takes on Monetary Policy Strategy: An Introduction to Some Basic Concepts (2018-12-21). FEDS Working Paper No. 2018-089. Available at SSRN: https://ssrn.com/abstract=3306152 or http://dx.doi.org/10.17016/FEDS.2018.089

James A. Clouse (Contact Author)

Board of Governors of the Federal Reserve System - Monetary and Financial Market Analysis Section ( email )

20th and C Streets, NW
Washington, DC 20551
United States

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