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 …

Even in a world with rational expectations, it has been well established theoretically that if the central bank …

The information value of central bank announcements of projected future money growth is shown to depend both on the …

of central banking issues and to contribute in this way to informed monetary policy decisions. Sproul's address provides …

-making errors are relevant under the two alternative approaches. Arguments relating to general targeting rules and actual central …