Topic 7: The Science of Monetary Policy

Last of the series! Here's the reading pack.

The key readings are:
- Clarida, Gali and Gertler (1999) "The Science of Monetary Policy: A New Keynesian Perspective" JEL
- Blinder (1997) "What Central Bankers Could Learn from Academics--and Vice Versa" JEP
- Bernanke and Mishkin (1997) "Inflation Targeting: A New Framework for Monetary Policy?" JEP

The first paper should provide a comprehensive coverage of theoretical issues we will cover (and more). The next two papers will provide useful discussions in relation to the policy implications. I have also attached a few other papers which you may find useful.