conflicted with economic theory and best practice. Not theunification "shock" itself, but the ill-guided fiscal and monetary …

The question of whether the Federal Reserve Board should use rules in the conduct of monetary policy is almost as old … as the Fed itself. For a brief time in the Fed's history it used a policy-making rule based on monetary aggregates, and … that are based on explicit inflation targets. While at this moment the Fed is an institution where members vote on monetary …

process. The absence of the stock of money in many current debates over monetary policy has prompted the statement by the … model, namely that of dichotomy between the monetary and the real sector. The second is that some of these attempts either …

process. The absence of the stock of money in many current debates over monetary policy has prompted the statement by the … model, namely that of dichotomy between the monetary and the real sector. The second is that some of these attempts either …

Monetary economists seek improvements in monetary policy in order to enhance macroeconomic growth and stability. Public … discretion, and have developed a body of theory to support the implementation of a rules-based monetary policy. Others counter … this theory with their own arguments and empirical work. This paper reviews the arguments for and against rules in monetary …

The recent debate over monetary policy strategies concludes that monetary targeting in practice lead to very similar …, we develop an answer from political economy. After showing that closed-loop monetary strategies using similar information … sets imply that similar monetary policy performance, we argue that monetary strategies are helpful in solving internal and …

, institutional development, monetary and exchange-rate regimes, and financial depth and integration …

, institutional development, monetary and exchange-rate regimes, and financial depth and integration …