Recent developments in monetary macroeconomics and U.S. dollar policy
by William T. Gavin
"This paper summarizes recent developments in the theory and practice of monetary policy in a closed economy and explains what these developments mean for U.S. dollar policy. There is no conflict between what is appropriate U.S. monetary policy at home or abroad because the dollar is the world's key currency country. Both at home and abroad, the main problem for U.S. policymakers is to provide an anchor for the dollar. Recent experience in other countries suggests that a solution is evolving in the use of inflation targets"--Federal Reserve Bank of St. Louis web site.
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Recent developments in monetary macroeconomics and U.S. dollar policy
2005, Federal Reserve Bank of St. Louis
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in English
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Includes bibliographical references.
Title from PDF file as viewed on 9/29/2005.
Also available in print.
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Mode of access: World Wide Web.
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