Search Results

Showing results 1 to 2 of approximately 2.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Proske, Dieter 

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 ...
Working Papers , Paper 1992-005

Working Paper
Are there adverse real effects from monetary policy coordination? Some evidence from Austria, Belgium and the Netherlands

A central hypothesis and concern of some skeptics of European monetary union is that monetary policy coordination to secure a peg to the German mark (DM) will tie real economic performance, especially the unemployment rate, to that in Germany. Evidence on this hypothesis can be found in Austria, Belgium and the Netherlands, however, where currencies have been tightly pegged to the mark since 1979, 1986 and 1984, respectively. This paper reviews the theoretical link between a country's real performance and its coordination with foreign economic policy. It uses the three countries' Phillips ...
Working Papers , Paper 1994-018

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Keywords

Austria 2 items

Belgium 1 items

Foreign exchange rates 1 items

Monetary policy 1 items

Monetary policy - Austria 1 items

Netherlands 1 items

show more (1)

PREVIOUS / NEXT