This forward-looking approach is obviously desirable, given the long and variable lags between changes in the monetary instruments and their impact on the ultimate policy goal. By contrast, responding ...

This article draws heavily on Tom s J.T. Bali o, David Hoelscher, and Jakob Horder, 1997, "Evolution of Monetary Policy Instruments in Russia," IMF Working Paper 97/80 (Washington: International ...

New York Federal Reserve President John Williams said on Friday the U.S. central bank's monetary policy is in the right place ...