A Central Banker’s View of Targeting
My comments on the subject of monetary growth targets are based primarily on my own personal reading of the particular monetary experience of my own country. I cannot claim that my colleagues at the Bank of Canada would necessarily subscribe without qualification to every word of what I have to say in this paper, let alone central bankers from other countries whose reading of their own particular monetary history and problems may well have led them to somewhat different conclusions.
KeywordsInterest Rate Monetary Policy Central Bank Federal Reserve Money Supply
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