Recent Challenges to Monetary Policy: How Should the Central Bank React to Persistent Shocks

01-12-2010

Speakers

How should the central bank respond to the persistent and potentially long lasting relative price shock? Does such shock pose a challenge for the current monetary policy framework? How do multiple shocks complicate the conduct of monetary policy? Given the complexity of the economy, are the conventional instruments already in place enough? These are the key questions addressed by the roundtable discussion.

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