- Additional Authors
- Chouraqui, Jean-Claude
- Series Statement
- OECD Economics Department Working Papers, 1815-1973 ; no.32
- Uniform Title
- OECD Economics Department Working Papers, no.32.
- Subject
- Economics
- LCCN
- 10.1787/025558443125
- OCLC
- oecd-lib
- Author
Atkinson, Paul.
- Title
The Formulation of Monetary Policy [electronic resource]: A Reassessment in the Light of Recent Experience / Paul Atkinson and Jean-Claude Chouraqui
- Imprint
Paris : OECD Publishing, 1986.
- Description
45 p. ; 21 x 29.7cm.
- Series
OECD Economics Department Working Papers, 1815-1973 ; no.32
OECD Economics Department Working Papers, 1815-1973 ; no.32.
- Summary
This paper reassesses, in the light of recent experience, the formulation of monetary policy in terms of targets for monetary aggregates in the major countries. A number of difficulties which have arisen are discussed: instability of the money-income relationship; constraints created by fiscal imbalances; exchange rate variability, as well as debt problems and threats to banks' solvency. The responses of monetary authorities to these difficulties are described and some possible options for the formulation of monetary policy in the future are considered (including nominal income and exchange rate targeting) ...
- Connect to:
- Indexed Term
Economics
- Added Author
Chouraqui, Jean-Claude.
- Other Standard Identifier
10.1787/025558443125 doi