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Hutchins Center Working Paper #33O c t o b e r2 0 1 7Monetary Policy Without a Working Theory of Inflation Daniel K. Trello Former Governor, Federal Reserve Board following is the prepared text of

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What is hutchins center working paper?

The Hutchins Center Working Paper is a series of papers presenting research on fiscal and monetary policy, economic development, and various other topics.

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Researchers, economists, and scholars who wish to contribute to the Hutchins Center Working Paper series are required to file a paper.

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The purpose of the Hutchins Center Working Paper is to disseminate research findings and generate discussions on important economic issues.

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