Instructions on how a central bank should formulate its monetary policy, issued by – clueless laymen, mostly self-styled financial journalists and silly assembly-line writers in relevant Internet forums, and – by far worse – complacent professors. Corresponding rules are often (and by whom!) cast in a catchy formula or easily understandable equation. In a sometimes hair-raising simplification, the correctness of the respective rule is then proven EX POST, and in most cases the central bank is also certified as having acted completely wrongly. – Around the world, by the way, central bankers in particular are considered to be a group of people open to constant critical thought and consideration, as evidenced by the numerous conferences of experts (workshops) set up by central banks. – See activism, central bank policy, ECB-Observer, data uncertainty, monetary policy, monetary policy, forward-looking, monetary confidence, monetary stability, equilibrium models, dynamicstochastic, inflation, model uncertainty, nominal value principle, paradoxomania, poltergeist, signaling effect, sovereign debt pressure, structural conservatism, structural uncertainty, theorists, uncertainty, monetary bank, payment system, central bank money, interest rate smoothing.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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