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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

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

Volume (Year): (2007)
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Handle: RePEc:fip:fedgsq:y:2007:x:71

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Related research
Keywords: Monetary policy ; Banks and banking; Central;

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