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International Experiences With Different Monetary Policy Regimes

  • Mishkin, Frederic S.

    ()

    (Graduate School of Business, Columbia University)

In recent years a growing consensus has emerged for price stability as the overriding, long run goal of monetary policy. However, despite this consensus, the following question still remains: how should monetary policy be conducted to achieve the price stability goal? This paper examines the experience with different monetary policy regimes currently in use in a number of countries to shed light on this question.

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Paper provided by Stockholm University, Institute for International Economic Studies in its series Seminar Papers with number 648.

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Length: 46 pages
Date of creation: 01 Aug 1998
Date of revision:
Handle: RePEc:hhs:iiessp:0648
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Institute for International Economic Studies, Stockholm University, S-106 91 Stockholm, Sweden

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