This paper was presented at the Federal Reserve Bank of Kansas City's Symposium on "Monetary Policy and Uncertainty: Adapting to a Changing Economy" at Jackson Hole, Wyoming on 28-30 August 2003. The views expressed are those of the authors and do not necessarily reflect those of the BIS.
The views expressed in this publication are those of the authors and do not necessarily reflect the views of the BIS or its member central banks.
