LORENZETTI, Ambrogio -- Allegory of the Good Government (detail) -- 1338-40 -- Siena
As part of the series of lectures my colleagues and I give to our Master students on Contemporary Economic Challenges, I'm talking tomorrow about Monetary Policy.
How do authorities conduct a monetary policy to achieve price stability?
Ensuring economic growth, low unemployment and price stability are the three main objectives
that monetary and fiscal authorities target with the help of macroeconomic theory. Controlling
inflation is nowadays mostly in the hand of independent monetary authorities: their aim is to
allow private agents to engage in economic activities and investments without fear for the
future. This lecture reviews the mechanisms presiding over the determinati...