Standard Elements of a Monetary Policy Implementation Framework

Emily Eisner, Antoine Martin and Ylva Søvik

No 20160201, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: In the minutes of the July 2015 Federal Open Market Committee (FOMC) meeting, the chair indicated that Federal Reserve staff would undertake an extended effort to evaluate potential long-run monetary policy implementation frameworks. But what is a central bank’s monetary policy implementation framework? In a series of four posts, we provide an overview of the key elements that typically constitute such a framework.

Keywords: monetary; policy; implementation (search for similar items in EconPapers)
JEL-codes: E5 (search for similar items in EconPapers)
Date: 2016-02-01
New Economics Papers: this item is included in nep-mac and nep-mon
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