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 …

. Ignoring the relation between monetary policy and asset prices, as is the case in this monetary policy approach, can lead to … financial instability. In contrast, giving, inter alia, monetary factors a role in central banks' policy decisions, as is done … financial stability. Finally, this paper makes a case against increasing the central banks' inflation target. …