Berk, Jan Marc - Faculteit der Economische Wetenschappen en … - 2001
Proponents of the so-called New Economy claim that it entails a structural change of the economy. Such a change, in … technology and other factors associated with the new economy do not threaten the capacity of central banks to stabilise the … mechanism in a ‘new economy’ environment. We argue that, although the form of central bank instruments and current methods for …