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Towards More Effective Monetary Policy: Concluding Remarks

In: Towards More Effective Monetary Policy

Author

Listed:
  • Guido Tabellini

Abstract

This conference addressed some fundamental and long-standing problems in monetary policy. A discussion of these issues between policymakers and academic researchers is always important, both to improve the conduct of monetary policy and for the advancement of knowledge. In this conference, the discussion has been particularly fruitful and exciting; I am grateful to the Bank of Japan for having made this possible, and for having given me the opportunity to take part in it. My task is daunting, however. It is impossible to completely and adequately summarize the many ideas and insights that emerged over the course of two full days, about many aspects of monetary policy. Therefore, I do not even attempt to provide an exhaustive summary. Instead, I organize my concluding remarks around a number of questions that repeatedly came up in the discussion and in the contributions. I then try to summarize the consensus answer, or to identify the nature of the disagreement or the extent to which the question remains open.

Suggested Citation

  • Guido Tabellini, 1997. "Towards More Effective Monetary Policy: Concluding Remarks," Palgrave Macmillan Books, in: Iwao Kuroda (ed.), Towards More Effective Monetary Policy, chapter 12, pages 389-399, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25382-1_12
    DOI: 10.1007/978-1-349-25382-1_12
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