Jackson Hole: ECB and NY Fed economists examine ideal operational frameworks for policy
Simon Potter praises paper for in-depth analysis but disagrees on some points
Designing the ideal framework for implementing monetary policy is still proving tricky, according to speakers from the European Central Bank and New York Fed.
Speaking at the 2016 Jackson Hole Symposium, NY Fed executive vice-president Simon Potter acted as discussant for ECB director-general Ulrich Bindseil's paper, Evaluating monetary policy operational frameworks.
Bindseil's paper aims to improve the understanding of the economics of monetary policy implementation. His conclusions seek to
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