MMT and the challenge of fiscal monetary co-ordination

Federal Reserve

Views on the monetary policy framework and effectiveness of monetary policy have changed in recent years. The current monetary policy framework was established in the 1990s, when inflation targeting was adopted with the intention of curbing high inflation. Inflation targeting has become popular and successfully contained inflation across the globe. Recently, some flexibility was added, with central banks aiming to achieve the inflation target in the medium to long term by taking into account

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: