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Last Updated: 10/11/16

Conducting Monetary Policy in an Evolving Economy

A speech delivered on October 11, 2016, before the Australian Business Economists Luncheon in Sydney, Australia.


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Lucas, Robert E., Jr., 1976, “Econometric policy evaluation: A critique,” Carnegie-Rochester Conference Series on Public Policy, Vol. 1, No. 1, January, pp. 19–46.

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Yellen, Janet, 2015, “Inflation dynamics and monetary policy,” speech by Federal Reserve Chair at the Philip Gamble Memorial Lecture, University of Massachusetts Amherst, Amherst, MA, September 24.

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