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Challenges for Monetary Policy in the Evolving Financial Environment

In: Towards More Effective Monetary Policy

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  • David W. Mullins

Abstract

A variety of changes under way in the financial environment will confront monetary policymakers with new challenges in the years ahead. I shall begin by noting the trends in fiscal conditions with which monetary policy will have to coexist.

Suggested Citation

  • David W. Mullins, 1997. "Challenges for Monetary Policy in the Evolving Financial Environment," Palgrave Macmillan Books, in: Iwao Kuroda (ed.), Towards More Effective Monetary Policy, chapter 5, pages 99-134, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25382-1_5
    DOI: 10.1007/978-1-349-25382-1_5
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    Cited by:

    1. Clouse James & Henderson Dale & Orphanides Athanasios & Small David H. & Tinsley P.A., 2003. "Monetary Policy When the Nominal Short-Term Interest Rate is Zero," The B.E. Journal of Macroeconomics, De Gruyter, vol. 3(1), pages 1-65, September.
    2. Peter A. Tinsley, 1998. "Short rate expectations, term premiums, and central bank use of derivatives to reduce policy uncertainty," Finance and Economics Discussion Series 1999-14, Board of Governors of the Federal Reserve System (U.S.).

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