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Monetary policy in an interdependent world

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  • Sandra Pianalto
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    Abstract

    While central bankers must focus on delivering price stability and other mandates in their own countries, they must also monitor international developments closely because national trade and financial markets have become increasingly interconnected. Sandra Pianalto, president and chief executive officer of the Federal Reserve Bank of Cleveland, explores how the globalization of financial markets could affect U.S. monetary policy and explains how a commitment to price stability and policy transparency can help monetary policymakers deal with challenging international developments. A version of this speech was presented to the Marshall Forum on Transatlantic Affairs in Tremezzo, Italy, on March 18, 2006.

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    File URL: http://www.clevelandfed.org/Research/commentary/2006/0501.pdf
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    Bibliographic Info

    Article provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.

    Volume (Year): (2006)
    Issue (Month): May ()
    Pages:

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    Handle: RePEc:fip:fedcec:y:2006:i:may1

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    Keywords: Monetary policy;

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