James A. Clouse | Over recent decades, central banks have made enormous strides in enhancing transparency around many elements of the formulation and conduct of monetary policy. Still, even for an audience of seasoned policy experts, providing clarity about aspects of monetary policy strategy is a daunting task and all the more so when the audience extends to the public at large. This collection of short notes attempts to take a small step in fostering more inclusive discussion of monetary policy strategy by presenting some standard results in a way that may be useful as an introduction to basic concepts for students and nonspecialists.

FRB: Finance and Economics Discussion Series Working Papers

Read the full FEDS working paper at: https://www.federalreserve.gov/feeds/feeds.htm