Der Informationsgehalt des Geldmengenziels der Deutschen Bundesbank-Ergebnisse einer Umfrage aus dem Jahr 1998-

The German central bank, Deutsche Bundesbank, conducted monetary targeting until the end of the year 1998. By the announcement of a monetary target, the central bank wanted to inform the public of its monetary stance. If the information-transmisson process has been successful, I checked by the use of a survey. In the survey, I questioned research institutes, large enterprises, unions and employers‘ associations. One of the results is that the information content of the monetary target was not high for nearly half of the interviewees. An overwhelming majority of the interviewees preferred a mixed strategy of monetary and inflation targeting.