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The paper considers the merits of rules and discretion for monetary policy when the structure of the macroeconomic model and the probability distributions of di
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As the Federal Reserve System conducts its latest review of the strategies, tools, and communication practices it deploys to pursue its dual-mandate goals of ma
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This book provides an in-depth description and analysis of monetary policy in Europe and the United States. Unusually for a volume in the field, it focuses on a
Monetary Policy Strategy
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A leading academic authority and policymaker discusses monetary policy strategy from the perspectives of both scholar and practitioner, offering theory, econome
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