Remarks on Monetary Policy Challenges

John Taylor

No 13105, Economics Working Papers from Hoover Institution, Stanford University

Abstract: This talk is the written version of remarks, given at a conference marking the retirement of Mervyn King from the Bank of England. It argues that economic performance deteriorated in recent years because of a change in policy rather than because of a shift in the tradeoff between inflation stability and output stability.

Pages: 15 pages
Date: 2013-03
New Economics Papers: this item is included in nep-mac and nep-mon
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Working Paper: Remarks on Monetary Policy Challenges (2013)
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