Monetary Policy Strategy: Lessons from the Crisis

Preprint OPEN
Frederic S. Mishkin;
  • Subject:
    • jel: jel:E52 | jel:E58 | jel:G01 | jel:E44

This paper examines what we have learned and how we should change our thinking about monetary policy strategy in the aftermath of the 2007-2009 financial crisis. It starts with a discussion of where the science of monetary policy was before the crisis and how central ba... View more
  • References (1)

    Adrian, Tobias and Hyun Shin (2009) “Money, Liquidity and Monetary Policy,” American Economic Review, Vol 99, No. 2: 600-605 Vestin, David, 2000. "Price Level Targeting Versus Inflation Targeting in a Forward Looking Model." mimeo., IIES, Stockholm University, May.

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