A leading academic authority and policymaker discusses monetary policy strategy from the perspectives of both scholar and practitioner, offering theory, econome

As the Federal Reserve System conducts its latest review of the strategies, tools, and communication practices it deploys to pursue its dual-mandate goals of ma

A leading academic authority and policymaker discusses monetary policy strategy from the perspectives of both scholar and practitioner, offering theory, econome

This paper reviews the performance of the UK's flexible inflation targeting framework against the internationally-accepted monetary policy objective of price st

The paper considers the merits of rules and discretion for monetary policy when the structure of the macroeconomic model and the probability distributions of di