While the failure of fiscal policy is widely recognized, monetary policy still enjoys credibility. Yet monetary policy is like shooting in a dark room. Monetary policy suffers from a profound pretense of knowledge.
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- Estabilidade Financeira E Política Monetária
Financial Stability and Monetary Policy: How Closely Interlinked?
by Frank Smets European Central Bank
Abstract
The recent financial crisis has again raised the question to what extent price-stability-oriented monetary policy frameworks should take...
- Qe
Quantitative Easing – Folly or Method?
By Antony P Mueller10/05/2012
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- Função De Banco Central
Central Banking: What Is It Good For?
by Antony Mueller
"While the failure of fiscal policy is widely recognized, monetary policy still enjoys credibility, not only among policy makers but also with professional economists. Yet...
- O Mecanismo Da Transmissão Monetária
Monetary policy implementation: Misconceptions and their consequences
by Piti Disyatat
Despite constituting the very heart of the monetary transmission mechanism, widespread
misconceptions still exist regarding how monetary policy...
- Política Monetária Entre Arte E Ciência
Journal of Economic Literature
Vol. XXXVII (December 1999), pp. 1661–1707
Clarida, Galí, Gertler: The Science of Monetary Policy
The Science of Monetary Policy:
A New Keynesian Perspective
Richard Clarida, Jordi Galí, and Mark Gertler1
“Having...