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Global Economic Integration and Monetary Policy
Oleh:
Keleher, Robert E.
;
Johnson, Manuel H.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
BUSINESS ECONOMICS vol. 26 no. 3 (1991)
,
page 21-26.
Topik:
MONETARY
;
global economic
;
integration
;
monetary policy
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
BB20.1
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
A number of key forces have forged significant changes in the environment facing monetary policymakers. This changed environment must be taken into account in selecting appropriate policy tools as well as in actually formulating and implementing monetary policy. After reviewing these changes as well as the forces bringing them about, this article summarizes three important implications for contemporary monetary policy. In particular, the appropriate data to use in conducting monetary policy, the importance of a nominal anchor under a flexible exchange regime, and the significance of coordinating monetary policy among several countries are discussed.
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