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Author:Issing, Otmar 

Working Paper
Lessons for monetary policy: what should the consensus be?

This paper outlines important lessons for monetary policy. In particular, the role of inflation targeting, which was much acclaimed prior to the financial crisis and since then has not lost much of its endorsement, is critically reviewed. 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 in the ECB's encompassing approach, helps prevent these potentially harmful side effects and thus allows for ...
Globalization Institute Working Papers , Paper 81

Conference Paper
Overview panelists : policies for long-run economic growth : a symposium sponsored by the Federal Reserve Bank of Kansas City, August 27-29,1992

Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
Panel discussion: inflation targeting

Review , Volume 86 , Issue Jul , Pages 165-183

Conference Paper
What operating procedures should be adopted to maintain price stability? practical issues (commentary)

Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
Central bank perspectives on stabilization policy

For some time, the use of monetary and fiscal policies to smooth business cycle fluctuations has taken a back seat to longer term objectives of restoring price stability and fiscal balance. More recently, however, weaker economic performance in some of the world?s economies, most notably in Japan and the United States, has led to renewed interest in the use of short-run stabilization policy. ; This year the bank?s economic policy symposium, ?Rethinking Stabilization Policy,? explored the potential scope for stabilization policy in this new environment. The papers presented at the symposium ...
Economic Review , Volume 87 , Issue Q IV , Pages 15-36

Journal Article
Why did the Great Inflation not happen in Germany?

Review , Volume 87 , Issue Mar , Pages 329-336

Conference Paper
The housing finance revolution: general discussion

Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
Communication, transparency, accountability: monetary policy in the twenty-first century

This article is a revised English translation of the Thunen Lecture, given at the Annual Congress of the Verein fur Socialpolitik, September 29, 2004, in Dresden, Germany.
Review , Volume 87 , Issue Mar , Pages 65-83

Conference Paper
Monetary policy in a changing economic environment

Proceedings - Economic Policy Symposium - Jackson Hole

Conference Paper
Housing is the business cycle: general discussion

Proceedings - Economic Policy Symposium - Jackson Hole

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