The Formulation of Monetary Policy: A Reassessment in the Light of Recent Experience
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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资源简介：
This paper reassesses, in the light of recent experience, the formulation of monetary policy in terms of targets for monetary aggregates in the major countries. A number of difficulties which have arisen are discussed: instability of the money-income relationship; constraints created by fiscal imbalances; exchange rate variability, as well as debt...
