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- W1490131158 abstract "economy poses a moving target for policymakers. For central bankers, change should not be threatening so long as the implications of that change for key macroeconomic relationships are well understood. Unfortunately, the odds that they are well understood are slim. The evolution of saving propensities, the composition of wealth, views on the extent of risk and aversion to that risk, government spending and taxing policies, and myriad other factors all have profound and imperfectly understood implications for various links in the chain of the monetary transmission mechanism. As a result, change tends to be synonymous with uncertainty." @default.
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- W1490131158 date "2003-01-01" @default.
- W1490131158 modified "2023-09-23" @default.
- W1490131158 title "Making monetary policy in an uncertain world" @default.
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