The matter is particularly complex in developing countries where the transmission mechanism of monetary policy is in a constant process of evolution due to significant ongoing structural transformation of the economy. Strategies and Tactics It is important to distinguish strategic and tactical considerations in the conduct of monetary policy.
At the moment, there is unease in parts of the community about the future of work, about competition from overseas and about the implications of technology – all issues that I know the members of Ai Group are dealing with every day. For others in our community, these concerns are being brought into sharp focus by unusually slow growth in wages.