Open AccessWill Monetary Policy Become More of a Science?
Author(s) -
Frederic S. Mishkin
Publication year - 2007
Publication title -
finance and economics discussion series
Language(s) - English
Resource type - Journals
eISSN - 2767-3898
pISSN - 1936-2854
DOI - 10.17016/feds.2007.44
Subject(s) - monetary policy , science policy , economics , core (optical fiber) , monetary hegemony , set (abstract data type) , monetary economics , political science , computer science , public administration , telecommunications , programming language
This paper reviews the progress that the science of monetary policy has made over recent decades. This progress has significantly expanded the degree to which the practice of monetary policy reflects the application of a core set of "scientific" principles. However, there remains, and will likely always remain, elements of art in the conduct of monetary policy
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