Central bank perspectives on stabilization policy
For some time, the use of monetary and fiscal policies to smooth business cycle fluctuations has taken a back seat to longer term objectives of restoring price stability and fiscal balance. More recently, however, weaker economic performance in some of the world?s economies, most notably in Japan and the United States, has led to renewed interest in the use of short-run stabilization policy. ; This year the bank?s economic policy symposium, ?Rethinking Stabilization Policy,? explored the potential scope for stabilization policy in this new environment. The papers presented at the symposium ...
Statements to Congress, February 20, 22, 1990(monetary policy)
Financial innovations and the supervision of financial institutions.