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Our most academic publication offers research and surveys on monetary policy, national and international developments, banking, and more. The content is written for an economically informed readership—from the undergraduate student to the PhD.

Vol. 89, No. 5 (Posted 2007-09-01)

The Effectiveness of Monetary Policy

by Robert H. Rasche and Marcela M. Williams

This analysis addresses changing views of the role and effectiveness of monetary policy, inflation targeting as an “effective monetary policy,” monetary policy and short-run (output) stabilization, and problems in implementing a short-run stabilization policy.

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