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.
File(s): File format is application/pdf http://www.newyorkfed.org/research/quarterly_review/75th/75article8.pdf
Provider: Federal Reserve Bank of New York
Part of Series: Quarterly Review
Publication Date: 1989