Date Published:
Jun 01, 1990
Focus Area(s):
JPD 1990 Vol. XVII No. 1-e

Monetary policies refer to the actions of central banks aimed to achieve macroeconomic stability and to influence financial factors such as money and interest rate. This paper discusses the framework for analyzing how monetary instruments affect monetary targets and the advantages and disadvantages of various instruments dispensable by the central bank. It also argues for the use of open market operations.

Main Menu

Secondary Menu