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Reflections on the strategy of monetary policy

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Author Info
Robert P. Black
Abstract

The President of the Richmond Fed argues that: [1] price stability ought to be the overriding goal of monetary policy; [2] procedures for controlling the money supply need to be improved; and [3] monetary policy must be prepared to respond promptly to inflationary pressures.

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File URL: http://www.richmondfed.org/publications/research/economic_review/1990/pdf/er760401.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Richmond in its journal Economic Review.

Volume (Year): (1990)
Issue (Month): Jul ()
Pages: 3-7
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Handle: RePEc:fip:fedrer:y:1990:i:jul:p:3-7:n:v.76no.4

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Web page: http://www.richmondfed.org/
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Related research
Keywords: Monetary policy;

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This page was last updated on 2009-12-18.

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