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Will monetary policy become more of a science : a speech at Monetary Policy over Fifty Years, a conference to mark the fiftieth anniversary of the Deutsche Bundesbank, Frankfurt, Germany, September 21, 2007

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Author Info

  • Frederic S. Mishkin

Abstract

This paper reviews the progress that the science of monetary policy has made over recent decades. This progress has significantly expanded the degree to which the practice of monetary policy reflects the application of a core set of "scientific" principles. However, there remains, and will likely always remain, elements of art in the conduct of monetary policy

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File URL: http://www.federalreserve.gov/pubs/feds/2007/200744/200744abs.html
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File URL: http://www.federalreserve.gov/pubs/feds/2007/200744/200744pap.pdf
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Bibliographic Info

Article provided by Board of Governors of the Federal Reserve System (U.S.) in its journal Speech.

Volume (Year): (2007)
Issue (Month): ()
Pages:

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Handle: RePEc:fip:fedgsq:y:2007:x:70

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Keywords: Monetary policy ; Banks and banking; Central;

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Cited by:
  1. Otmar Issing, 2011. "Lessons for monetary policy: what should the consensus be?," Globalization and Monetary Policy Institute Working Paper 81, Federal Reserve Bank of Dallas.

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