Richmond Fed's Economic Quarterly, Summer 2004

The Federal Reserve Bank of Richmond has published its Economic Quarterly for Summer 2004. The paper "How do central banks control inflation?" says an intellectual consensus over how central banks control inflation has not accompanied the broad public consensus that central banks should control inflation. The paper provides a monetary control characterisation of Federal Reserve monetary policy procedures.

Click here to read the Summer 2004 issue of the Economic Quarterly on the Richmond Fed's web

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