A traditional function of the central bank is to control the price level. The fiscal theory of the price level …

Central banks around the world potentially face a skeptical public when they announce a commitment to controlling … inflation. Some economists have argued that, to enhance credibility, central banks should adopt monetary growth rules or other …

After two decades of successfully restoring price stability in much of the world economy, central banks begin the next … does not reappear as a serious policy problem? Another important question is whether central banks enjoy greater … distinguished experts from central banks, academic institutions, and financial markets from around the world.> Sellon and Buskas …

of these ideas and issues that will continue to challenge central bankers for years to come. The symposium was held at … distinguished group of central bank officials and academic, policy, and business economists to discuss these important challenges …

Over the past twenty years the world's major central banks have been largely successful at bringing inflation under … the next battles facing central bankers will lie on a different front. One development that has already concentrated the …

integration that affect central banks. First, increasing foreign trade is causing greater integration of countries and regions and … flows around the world is making it more difficult for central banks to achieve domestic objectives.> Focusing primarily on …

Forecasts of future economic developments play an important role for the monetary policy decisions of central banks …. For example, forecasts of goal variables can help central banks achieve their goals and make them more accountable to the …. Under such an approach, the quality of a central bank's forecasts and the effectiveness of its actions to bring forecasts …

In recent years several countries have granted greater independence to their central banks; others have made price … central bank credibility called the time inconsistency of monetary policy. The theory and some empirical aspects of time … central bank cannot credibly commit to honor commitments to keep inflation low than if it can. To ameliorate this "inflation …

This article provides an analytical framework for discussing the monetary responsibilities of a central bank. The … framework shows how the central bank gives the price level a well-defined equilibrium value and how the central bank causes this …

The paper analyzes the need for financial regulations in the implementation of central bank policy. It emphasizes that … a central bank serves two functions. Central banks function as monetary authorities, managing high-powered money to …. Just as private lenders must restrict and monitor individual borrowers, a central bank must regulate and supervise the …