Journal Article

Unresolved issues in monetary policy

Abstract: Solomon held the office of president during a period of notably successful anti-inflationary monetary policy as well as rapid financial innovation and deregulation. In this speech, he discusses monetary strategy in particular the targeting of monetary aggregates, interest rates, and nominal GNP in light of trends in inflation and the uncertainties introduced by changing financial markets.

Keywords: Monetary policy; Money supply; Federal Reserve System - History; Gross national product;

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Quarterly Review

Publication Date: 1989

Issue: Special

Pages: 42-47