Prepared for the Conference in Honor of Ernst Baltensperger, University of Bern, June 8, 2007. An earlier version was presented as the 2006 W.A. Mackintosh Lecture, Queen's University, Canada. I would like to thank Jordi Galí, Stefan Gerlach, Charles Goodhart, Tmar Issing, Robert E. Lucas, Jr., Klaus Masuch, Bennett McCallum, Rick Mishkin, Ed Nelson, Christian Noyer, Athanasios Orphanides, Lucrezia Reichlin, Julio Rotemberg, Gregor Smith, Lars Svensson, Harald Uhlig, Volker Wieland, and an anonymous referee for helpful discussions and comments on earlier drafts, while absolving them of any responsibility for the opinions expressed, and the (U.S.) National Science Foundation for research support through a grant to the National Bureau of Economic Research.
How Important Is Money in the Conduct of Monetary Policy?
Article first published online: 24 NOV 2008
© 2008 The Ohio State University
Journal of Money, Credit and Banking
Volume 40, Issue 8, pages 1561–1598, December 2008
How to Cite
WOODFORD, M. (2008), How Important Is Money in the Conduct of Monetary Policy?. Journal of Money, Credit and Banking, 40: 1561–1598. doi: 10.1111/j.1538-4616.2008.00175.x
- Issue published online: 24 NOV 2008
- Article first published online: 24 NOV 2008
- Received November 27, 2006; and accepted in revised form August 10, 2007.
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