like those which appear to be typical in Germany …

exchange rate overshooting to undershooting. Using constrained maximum likelihood methods, the model is estimated for Germany …

foreign exchange market may provide an independent policy instrument through which the central bank can resolve its dilemma in …

rate and the German economy. The results indicate that such effects are large. If Germany keeps its money growth unchanged …

policies of the European Central Bank and even the integrity of the monetary union, and even standard fare in the media and in … the political debate in Germany. Most academics and practitioners that have participated in the debate have been …

up to the strategies followed by the leading central banks of the era; the Bank of England in the eighteenth and …

banking. Germany achieved a high degree of domestic stability and provided safe haven for investors in times of turmoil in the … international financial system. Eventually the Bundesbank provided the role model for the European Central Bank. Hence, we examine … policy over the period 1975-1998. We compare the Bundesbank's monetary policy rule with those of the FED and of the Bank of …

In this paper we provide empirical measures of central bank credibility and augment these with historical narratives …