Abstract
There is a vast literature on the choice of monetary regimes that spans both theoretical and empirical insights. In this paper I draw on some of this literature as well as a recent research project at the Brookings Institution in which I was involved with Dale Henderson from the Federal Reserve in Washington.[1] This project was intended to cover a wide theoretical and empirical literature on monetary-policy regimes and draw out implications for actual policy implementation. The outcome of some of that research was published in the Brookings volume on ‘Evaluating Policy Regimes: New Research in Empirical Macroeconomics’ (eds Bryant, Hooper and Mann 1993). What did we learn from that research that can guide the choice of a monetary-policy regime for Australia?
| Original language | English |
|---|---|
| Title of host publication | Monetary Policy and Inflation Targeting |
| Subtitle of host publication | Proceedings of a Conference |
| Editors | Philip Lowe |
| Place of Publication | Australia |
| Publisher | Reserve Bank of Australia |
| Pages | 166-173 |
| ISBN (Print) | 0 642 28180 7 |
| Publication status | Published - Jul 1997 |
| Event | Monetary Policy and Inflation Targeting: RBA Annual Conference 1997 - H.C. Coombs Centre for Financial Studies, Kirribilli, Australia Duration: 21 Jul 1997 → 22 Jul 1997 https://www.rba.gov.au/publications/confs/1997/ |
Conference
| Conference | Monetary Policy and Inflation Targeting |
|---|---|
| Country/Territory | Australia |
| City | Kirribilli |
| Period | 21/07/97 → 22/07/97 |
| Internet address |