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Working Paper
Monetary and exchange rate policy in Austria: an early example of policy coordination
This paper describes the evolution of Austrian exchange rate and monetary policy as an example of the benefits of policy coordination and credibility. This policy proved the performance of the Central Bank in achieving its twin objective of stabilizing the internal and external value of the currency. In this process, policymakers have sought to exploit the advantages of credibility by building a reputation for sticking to their policy. The evidence presented exhibits the increased coordination between Austrian and German nominal aggregates in the course of time. These accomplishments have ...
Conference Paper
Alternative explanations of the 1982-1983 decline in velocity
Journal Article
Why has manufacturing employment declined?
Journal Article
Potential output and the recent productivity decline
Journal Article
How federal farm spending distorts measures of economic activity
Journal Article
Money stock control under alternative definitions of money
Working Paper
Energy prices, economic performance and monetary policy
Monograph
Investment and the new energy regime