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Opting Out of the Great Inflation : German Monetary Policy After the Break Down of Bretton Woods

Beyer, Andreas - 2008

banking. Germany achieved a high degree of domestic stability and provided safe haven for investors in times of turmoil in the …

Persistent link: https://www.econbiz.de/10012464053

Rules, Discretion, and Central Bank Independence : The German Experience 1880-1989

Eschweiler, Bernhard - 1993

best. Monetary policy in Germany during the past one hundred years provides an excellent case to assess the empirical … authority in 1876, Germany has participated in four monetary regimes: the pre-war gold standard, the inter-war gold standard … in Germany was always geared toward maintaining price stability with the exception of the two world war periods. Germany …

Persistent link: https://www.econbiz.de/10012474395

Monetary policy rules : [papers based on the National Bureau of Economic Research Conference on Research in Business Cycles, held at Stanford University, 1998]

Taylor, John B. (ed.) - 2001 - Paperback ed.

Persistent link: https://www.econbiz.de/10001535296

Monetary policy rules

Taylor, John B. (ed.) - 1999

Persistent link: https://www.econbiz.de/10001353848

Does the P* Model Provide Any Rationale for Monetary Targeting?

Svensson, Lars E.O. - 2000

The so-called P* model is frequently used or referred to in discussions of monetary targeting. This gives the impression that the P* model might provide some rationale for monetary targeting or for the monetary reference value used by the Eurosystem. The P* model implies that inflation is...

Persistent link: https://www.econbiz.de/10012471029

Monetary Policy Issues for the Eurosystem

Svensson, Lars E.O. - 1999

The paper discusses the choice between inflation targeting and monetary targeting as a strategy for the Eurosystem, the actual strategy the Eurosystem announced in the fall of 1998, the framework for policy decisions appropriate for achieving the goals of the Eurosystem, the role of exchange...

Persistent link: https://www.econbiz.de/10012471610

Was Expansionary Monetary Policy Feasible During the Great Contraction? An Examination of the Gold Standard Constraint

Bordo, Michael D. - 1999

The recent consensus view, that the gold standard was the leading cause of the worldwide Great Depression 1929-33, stems from two propositions: (1) Under the gold standard, deflationary shocks were transmitted between countries and, (2) for most countries, continued adherence to gold prevented...

Persistent link: https://www.econbiz.de/10012471669

The Narrow Channel of Quantitative Easing : Evidence from YCC Down Under

Lucca, David O.; Wright, Jonathan H. - National Bureau of Economic Research - 2022

We study the recent Australian experience with yield curve control (YCC) of government bonds as perhaps the best evidence of how this policy might work in other developed economies. We interpret the evidence with a simple model in which YCC affects prices of both government and other bonds via...

Persistent link: https://www.econbiz.de/10013191066

Optimal Monetary Growth

Abel, Andrew B. - 1987

In the absence of monetary superneutrality, inflation affects capital accumulation and the demand for real balances. This paper derives the combination of monetary and lump-sum fiscal policy which maximizes the sum of discounted utilities of representative consumers in present and future...

Persistent link: https://www.econbiz.de/10012476933

Targeting Nominal Income : A Note

West, Kenneth D. - 1986

This paper compares nominal income and monetary targets in a standard aggregate demand - aggregate supply framework. If the desirability of policies is measured by their effect on the unconditional variance of output, nominal income targeting is preferable if and only if the aggregate elasticity...

Persistent link: https://www.econbiz.de/10012477241

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