The operation of monetary policy in 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, pp1-54Download Item:
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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
Author: McGowan, Padraig
Publisher:
Statistical and Social Inquiry Society of IrelandType of material:
Journal articleCollections:
Series/Report no:
Journal of the Statistical and Social Inquiry Society of IrelandVol. XXVI, Pt. 5, 1992/1993
Availability:
Full text availableKeywords:
Monetary policy, Central bankISSN:
00814776Licences: