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Will monetary policy become more of a science : a speech at Monetary Policy over Fifty Years, a conference to mark the fiftieth anniversary of the Deutsche Bundesbank, Frankfurt, Germany, September 21, 2007

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  • Frederic S. Mishkin

Abstract

This paper reviews the progress that the science of monetary policy has made over recent decades. This progress has significantly expanded the degree to which the practice of monetary policy reflects the application of a core set of \"scientific\" principles. However, there remains, and will likely always remain, elements of art in the conduct of monetary policy

Suggested Citation

  • Frederic S. Mishkin, 2007. "Will monetary policy become more of a science : a speech at Monetary Policy over Fifty Years, a conference to mark the fiftieth anniversary of the Deutsche Bundesbank, Frankfurt, Germany, September 21," Speech 329, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgsq:329
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    File URL: http://www.federalreserve.gov/pubs/feds/2007/200744/200744abs.html
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    File URL: http://www.federalreserve.gov/pubs/feds/2007/200744/200744pap.pdf
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