Philadelphia Fed Business Review, 4th Quarter 2005

The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Fourth Quarter 2005. The latest edition includes the article "Making monetary policy: What do we know and when do we know it?"

President Anthony Santomero points out that conducting a successful monetary policy presents real-world challenges, such as evaluating where the economy is, where it is going, and where it should be going. But how do monetary policymakers make decisions about the economy in a world

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