US monetary policy, well formulated, can enhance overall economic health and contribute to greater market stability. The current system does not measure up to that ideal. This issue of SriKonomics discusses a step that could move the needle toward greater efficiency. It is a step that would be sufficiently flexible to adjust to economic circumstances, yet not allow excessive human discretion to affect the economy or markets.
Monetary Rule for Better Policy
Monetary Rule for Better Policy
Monetary Rule for Better Policy
US monetary policy, well formulated, can enhance overall economic health and contribute to greater market stability. The current system does not measure up to that ideal. This issue of SriKonomics discusses a step that could move the needle toward greater efficiency. It is a step that would be sufficiently flexible to adjust to economic circumstances, yet not allow excessive human discretion to affect the economy or markets.