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Monetary Policy Objectives and Strategy
Oleh:
Meyer, Laurence H.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
BUSINESS ECONOMICS vol. 32 no. 1 (1997)
,
page 17-20.
Topik:
POLICY
;
monetary policy objectives
;
strategy
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
BB20.3
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
In the long run, monetary policy has price stability as an objective, while fiscal policy is the instrument of growth policy. But monetary and fiscal policies, by their influence on aggregate demand, affect output and employment in the short run. Near term the economy may slow to trend quickly enough to stabilize unemployment at its current level, but whether we are below NAIRU is uncertain. How in the long run can we successfully jiggle the objectives of full employment and modest, stable inflation. The taylor rule and "opportunistic disinflation" are discussed as possile approaches.
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