Has Monetary Policy Become More Efficient? A Cross‐Country Analysis
نویسندگان
چکیده
منابع مشابه
Has Monetary Policy Become More Efficient? A Cross-Country Analysis
Over the past twenty years, macroeconomic performance has improved in industrialized and developing countries alike. In a broad cross-section of countries inflation volatility has fallen markedly while output variability has either fallen or risen only slightly. This increased stability can be attributed to either: 1) more efficient policymaking by the monetary authority, 2) a reduction in the ...
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ژورنال
عنوان ژورنال: The Economic Journal
سال: 2006
ISSN: 0013-0133,1468-0297
DOI: 10.1111/j.1468-0297.2006.01086.x