My assignment is to survey the main questions swirling around monetary policy today. I emphasize three words in this sentence, each for a different reason. Main is because one person's side issue is another's main issue. So I had to be both selective and judgmental in compiling my list, else this paper would have been even longer than it is. Policy indicates that I have restricted myself to issues that are truly relevant to real-world policymakers, thus omitting many interesting but purely academic issues. Today means that I focus on current issues, thus passing over some illustrious past issues. All these omissions still leave a rather long list; so I will treat some issues quite briefly.
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