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

James A. Clouse
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James A. Clouse: https://www.federalreserve.gov/econres/james-a-clouse.htm

No 2018-089, Finance and Economics Discussion Series from Board of Governors of the Federal Reserve System (U.S.)

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.

Pages: 83 pages
Date: 2018-12-21
New Economics Papers: this item is included in nep-mon
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfe:2018-89

DOI: 10.17016/FEDS.2018.089

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