December 2008 issue contents

Cover and contents (PDF, 4 pages, 218 kb)

Modeling Short-Term Interest Rate Spreads in the Euro Money Market
  by Nuno Cassola and Claudio Morana

Monetary Policy under Uncertainty about the Nature of Asset-Price Shocks
  by David L. Haugh

Inflation: Do Expectations Trump the Gap?
  by Jeremy M. Piger and Robert H. Rasche

Leadership in Groups: A Monetary Policy Experiment
  by Alan S. Blinder and John Morgan

Inflation Tareting and Target Instability
  by Robert J. Tetlow

Central Bank Policy Rate Guidance and Financial Market Functioning
  by Richhild Moessner and William R. Nelson