18 November 2010

Comments on “Monetary policy strategy: Experience during the crisis and lessons learned”

Comments by William White on the papers by Mishkin, Fahr and all-Conference. Confrerence organised in Frankfurt on 18 November 2010 by the European Central Bank.

I wish to begin with a crucial introductory point. According to all of the models commonly in use at central banks and international financial institutions, this could not happen.

03_6th_CBC_1.5_White_proof3.pdf

03_6th_CBC_1.5_White_proof3