TARA: The operation of monetary policy in Ireland

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JSSISI: Journal of The Statistical and Social Inquiry Society of Ireland, 1847- >
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Please use this identifier to cite or link to this item: http://hdl.handle.net/2262/2719

Title:	The operation of monetary policy in Ireland
Author:	McGowan, Padraig
Keywords:	Monetary policy Central bank
Issue Date:	1993
Publisher:	Statistical and Social Inquiry Society of Ireland
Citation:	McGowan, Padraig. 'The operation of monetary policy in Ireland'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. XXVI, Pt. 5, 1992/1993, pp1-54
Series/Report no.:	Journal of the Statistical and Social Inquiry Society of Ireland Vol. XXVI, Pt. 5, 1992/1993
Abstract:	Most reviews of monetary policy concentrate on its appropriate ultimate objective, the degree to which it is being achieved and, from a macro-economic perspective, why the outcome may be deviating from that envisaged. A different emphasis is given here, which timelessly captures the significance of the financial markets nowadays for the successful operation of monetary policy, and concentrates on how it is conducted from day to day. This account also highlights why the ultimate objective of monetary policy will not be realised unless the cumulative results of the daily operations of monetary policy in the financial markets are compatible with realising price stability over time.
Description:	Read before the Society; 29 October 1992
URI:	http://hdl.handle.net/2262/2719
ISSN:	00814776
Appears in Collections:	JSSISI: 1988 to 1993, Vol. XXVI, Sessions 142nd to 146th Archive JSSISI: 1847- Complete Collection

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