Forward guidance (with reference to Monty Python, Odysseus, Apollo, Paul Fisher, Deng Xiaoping and Mario Draghi's Old Man)

Those who think we can be more specific in stating our intentions and broadcasting our every next move with complete certainty are, in my opinion, clinging to the myth that economics is a hard science and monetary policy a precise scientific procedure rather than the applied best judgment of cool-headed, unemotional decision-makers.

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Year of publication:	2014-04-22
Authors:	Fisher, Richard W.
Institutions:	Federal Reserve Bank of Dallas

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Extent:	application/pdf text/html
Series:	Speech.
Type of publication:	Book / Working Paper
Notes:	Remarks before the Asia Society Hong Kong Center The text is part of a series Speech Number 147 9 pages
Source:	RePEc - Research Papers in Economics

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