Maintaining Low In fl ation : Money , Interest Rates , and Policy Stance

@inproceedings{Reynard2006MaintainingLI,
  title={Maintaining Low In fl ation : Money , Interest Rates , and Policy Stance},
  author={Samuel Reynard},
  year={2006}
}
  • Samuel Reynard
  • Published 2006
This paper examines the usefulness of considering monetary aggregates when assessing monetary policy stance relative to an inflation objective, and contrasts monetary analysis to the current mainstream monetary policy analysis. Monetary developments, unlike interest rate stance measures, are shown to provide quantitative information on subsequent price… CONTINUE READING