Commentary | 07 July 2008

Does monetary policy still work?

In an opinion piece in Australian Financial Review, Stephen Grenville suggests that whilst central banks are better equipped than in the '70s, monetary policy is still an imprecise and blunt instrument wielded by fallible humans, and now the environment in which it operates is far trickier.

Stephen Grenville

  • Stephen Grenville

In an opinion piece in Australian Financial Review, Stephen Grenville suggests that whilst central banks are better equipped than in the '70s, monetary policy is still an imprecise and blunt instrument wielded by fallible humans, and now the environment in which it operates is far trickier.

Stephen Grenville

  • Stephen Grenville