Otmar Issing: Monetary policy in a changing economic environment 1  Speech by Professor Otmar Issing, Member of the Executive Board of the European Central Bank, at the Symposium “Rethinking Stabilisation Policy”, Jackson Hole, 30 August 2002. *  *  *  I intend to focus my remarks on the challenges facing monetary policy in a rapidly changing world.
I shall start by examining the nature of economic change confronting monetary policy in its daily execution.