Practical issues in monetary policy targeting
Abstract: An outline of the considerable information requirements faced by monetary policymakers, and an examination of the data to see what we actually know and how well we know it. The author's primary conclusion is that the deficiencies of our forecasting ability create uncertainty that leads to cautious policymaking.
File(s): File format is text/html http://www.clevelandfed.org/Research/Review/1996/96-q1-cecchetti.pdf
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Review
Publication Date: 1996
Issue: Q I