DO THE ADVANCES IN INFORMATION TECHNOLOGIES COMPLICATE THE CONDUCT OF MONETARY POLICY?

The conduct of monetary policy is getting complicated due to the impacts of it on monetary policy. in this study, it is examined how the advances in the it complicate the conduct of monetary policy and concluded that some main factors are to be taken into consideration by monetary policy makers in conducting monetary policy. these factors include the difficulty in distinguishing permanent changes from transitory ones, the increased role of intangible goods and services in economy, and the changes in the usage of electronic money and reserve requirements.