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The effectiveness of monetary policy

Robert H. Rasche () and Marcela M. Williams

Review, 2007, issue Sep, pages 447-490

Abstract: This 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 (search for similar items in EconPapers)
Date: 2007 Written 2007
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Working Paper: The effectiveness of monetary policy (2005) Downloads
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Page updated 2008-11-08
Handle: RePEc:fip:fedlrv:y:2007:i:sep:p:447-490:n:v.89no.5