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Making monetary policy in an uncertain world
| Content Provider | Semantic Scholar |
|---|---|
| Author | Reinhart, V. |
| Copyright Year | 2003 |
| Abstract | economy poses a moving target for policymakers. For central bankers, change should not be threatening so long as the implications of that change for key macroeconomic relationships are well understood. Unfortunately, the odds that they are well understood are slim. The evolution of saving propensities, the composition of wealth, views on the extent of risk and aversion to that risk, government spending and taxing policies, and myriad other factors all have profound and imperfectly understood implications for various links in the chain of the monetary transmission mechanism. As a result, change tends to be synonymous with uncertainty. |
| Starting Page | 265 |
| Ending Page | 274 |
| Page Count | 10 |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.kansascityfed.org/publicat/sympos/2003/pdf/Reinhart2003.pdf |
| Alternate Webpage(s) | http://www.rba.gov.au/publications/bulletin/1992/sep/pdf/bu-0992-2.pdf |
| Alternate Webpage(s) | https://rba.gov.au/publications/bulletin/1992/sep/pdf/bu-0992-2.pdf |
| Alternate Webpage(s) | https://www.kansascityfed.org/publicat/sympos/2003/pdf/Reinhart2003.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
