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What monetary policy can and cannot do

Author

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  • Anthony M. Santomero

Abstract

President Santomero reviews both the areas of agreement and those open to debate and offers his perspective on them. He concludes with some thoughts about the implications for the conduct of monetary policy.

Suggested Citation

  • Anthony M. Santomero, 2002. "What monetary policy can and cannot do," Business Review, Federal Reserve Bank of Philadelphia, issue Q 1, pages 1-4.
  • Handle: RePEc:fip:fedpbr:y:2002:i:q1:p:1-4
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    File URL: http://www.phil.frb.org/files/br/brq102as.pdf
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    Cited by:

    1. Claus, Edda & Dungey, Mardi, 2016. "Can monetary policy surprises affect the term structure?," Journal of Macroeconomics, Elsevier, vol. 47(PA), pages 68-83.
    2. Edda Claus & Mardi Dungey, 2015. "Can monetary policy surprise the market?," CAMA Working Papers 2015-05, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

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    Keywords

    Monetary policy;

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