Rethinking on monetary policy

The world over, central banks are undergoing an open evaluation of their past policies, this article says. It looks at current policies of the world's major central banks and their views on asset price bubbles.

First published by S S Tarapore in The Financial Express, India, 6 August.

The Federal Reserve Bank of Kansas City has for the past 25 years conducted an annual economic policy symposium. The 2002 symposium was dedicated to Rethinking Stabilisation Policy. The symposium discussed the

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