Abstract
Although there are few issues regarding monetary policy strategy that are completely undisputed among academics, central bankers cannot wait for final insights but have to act now. Thus it is interesting to see how they make judgments — at least implicitly — on the basis of competing theories and inconclusive empirical evidence. Since we even have two statements by competent authors from the Federal Reserve System (Fed) and the European Monetary Institute (EMI), we also have the chance to compare them.
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© 1998 Physica-Verlag Heidelberg
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Menkhoff, L. (1998). Comment (on Stephen Cecchetti and Gabriel Fagan). In: Wagner, H. (eds) Current Issues in Monetary Economics. Contributions to Economics. Physica-Verlag HD. https://doi.org/10.1007/978-3-642-99797-6_11
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DOI: https://doi.org/10.1007/978-3-642-99797-6_11
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