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On Making Monetary Policy More Effective Domestically and Internationally

In: Towards More Effective Monetary Policy

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  • Allan H. Meltzer

Abstract

The organizers of the Seventh International Conference have chosen a theme and a set of issues that, I believe, should be revisited frequently by all central banks. How can monetary policy be made most effective? What task or tasks should the central bank undertake in its role as protector of the value of money and all nominal obligations nationally and internationally? What institutional arrangements are most useful for fulfilling these responsibilities? How have recent developments in academic research and central banking practice changed our answers to these questions?

Suggested Citation

  • Allan H. Meltzer, 1997. "On Making Monetary Policy More Effective Domestically and Internationally," Palgrave Macmillan Books, in: Iwao Kuroda (ed.), Towards More Effective Monetary Policy, chapter 1, pages 3-27, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25382-1_1
    DOI: 10.1007/978-1-349-25382-1_1
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    Cited by:

    1. Fujiki, Hiroshi & Otani, Akira, 2002. "Do Currency Regimes Matter in the 21st Century? An Overview," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 20(S1), pages 47-79, December.
    2. Eugenio Domingo Solans, 2000. "How should monetary policymakers respond to the new challenges of global economic integration? : commentary," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 277-287.
    3. Sharon Kozicki, 1999. "How useful are Taylor rules for monetary policy?," Economic Review, Federal Reserve Bank of Kansas City, vol. 84(Q II), pages 5-33.
    4. Alpaslan Akcoraoglu & Funda Yurdakul, 2002. "Global Factors and Stock Returns: Empirical Evidence From the Istanbul Stock Exchange," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 6(21), pages 1-20.
    5. Cem Mehmet Baydur & Bora Suslu, 2002. "Anchors in Implementation of Moneraty Policies in Turkey in 1990’s," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 6(21), pages 37-86.
    6. Yalcin Karatepe & Elif Karaaslan & Fazil Gokgoz, 2002. "Conditional CAPM and an Application on the ISE," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 6(21), pages 21-36.

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