monetary authorities exhibit somewhat different status and tasks, which reflect different historical conditions and national … the differences among these three world’s principal monetary authorities. A comparison based on simple “over …-the-counter” policy reaction functions shows no striking differences in terms of monetary policy implementation. …

) term the "macroeconomic allegories" that influence monetary policy decision-making. The contacts that make up the "network …

properties and historical decompositions. This framework rationalizes the monetary transmission mechanism as well as the effects … of major shocks influencing the macroeconomic variables and can assess the role of monetary policy in reacting to … monetary policy and helping policymakers mainly to react strongly to inflation. …

A Three-Point Plan for Monetary Reform Prominent economists such as John B. Taylor and William White have argued that … monetary policy mistakes have triggered the current financial crisis. Central banks, however, seem to be mainly concerned with … Depression, this paper proposes a new strategy for monetary policy with three main elements: a target for the growth of nominal …

Communication has become a vital part of modern monetary policy, and its importance is even higher during a crisis when …