Practical issues in monetary policy targeting

An outline of the considerable information requirements faced by monetary policymakers, and an examination of the data to see what we actually know and how well we know it. The author's primary conclusion is that the deficiencies of our forecasting ability create uncertainty that leads to cautious policymaking.

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Year of publication:	1996
Authors:	Cecchetti, Stephen G.
Published in:	Economic Review. - Federal Reserve Bank of Cleveland. - 1996, Q I, p. 2-15
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Econometric models \| Monetary policy

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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