How useful are estimates of full employment for the conduct of monetary policy?
With a slowing economy, the BoJ's conduct of monetary policy is about to become intensely politicised.
Thus, our numerical results highlight the relevance of this type of analysis for the design and conduct of monetary policy.
For one thing, the Fed, in its conduct of monetary policy, can itself be a source of systemic risk.
And, if true, it has important implications for the Federal Reserve's conduct of monetary policy over the next few years.
Changes to the conduct of monetary policy will be incremental; there will be less opining on unrelated economic issues.
"The Optimal Conduct of Monetary Policy with Interest on Reserves". American Economic Journal: Macroeconomics 4 (4): 266-282.
The conduct of monetary policy and of financial regulation is very important for the economy as a whole.
In addition to that, interest rate smoothing seems to be an important tool in the conduct of monetary policy around the world.
"I disagree with the current stance of and approach to the conduct of monetary policy by the Fed," Mr. Hubbard said on Tuesday.
A survey of business economists found them less comfortable than at any time in years with the Fed's conduct of monetary policy.
