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Reflections on monetary policy: flexibility, transparency, and inflation


Abstract: Monetary policy has come a long way in the past quarter century. Price stability has always been part of the Federal Reserve's policy mandate. Should the Fed now adopt explicit numerical guidelines or targets for inflation?

Keywords: Inflation (Finance); Monetary policy;

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Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2006

Issue: Sep

Order Number: 230