Recent developments in monetary macroeconomics and U.S. dollar policy
By: by William T. Gavin.
Contributors: Federal Reserve Bank of St. Louis.
Series: Working paper ;; 2005-062A; Working paper (Federal Reserve Bank of St. Louis : Online) ;; 2005-062A.
Publisher: Federal Reserve Bank of St. Louis
Published: 2005
Place of publication: [St. Louis, Mo.]
Language: eng
Format: Electronic resource
Subjects: Monetary policy -- United States.; Macroeconomics.; Dollar, American.
Description: "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.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 9/29/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.