Date of Original Version

7-1996

Type

Article

Abstract or Description

The organizers of the Seventh International Conference have chosen a theme and a set of issues that, I believe, should be revisited frequently by all central banks. how can monetary policy be made most effective? What task or tasks should the central bank undertake in its role as protector of the value of money and all nominal obligations nationally and internationally?

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Published In

Monetary and Economic Studies, Bank of Japan, 14, 1, 1-27.