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In‡ation Targeting and the Role of Real Objectives

By Carl E. Walsh


In my talk today, I will focus on two aspects of central banking –‡exibility and transparency –that have been a¤ected by monetary policy debates over the past twenty years. By ‡exibility, I refer to the ways in which a central bank responds to objectives other than in‡ation. I have in mind here objective

Year: 2007
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