Issing, Otmar - Bank für Internationalen Zahlungsausgleich <Basel> - 2009
The mid-1980s began a period that might, in retrospect, be seen as the golden age of monetary policy. Worldwide … developments already confirm this sceptical assessment of the role of central banks and monetary policy during this period? Isn …'t inflation rising? Doesn't the ongoing turbulence in financial markets indicate that central banks did not - or, rather, could …