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Journal Article
German monetary targeting: a retrospective view
Journal Article
Monetary policy in West Germany
Conference Paper
Overview: central bank perspectives
Report
Disciplined discretion: the German and Swiss monetary targeting frameworks in operation
Many observers have held up the records of price stability in Germany and in Switzerland as examples of the benefits of a monetary targeting regime. These claims have been juxtaposed in recent years with econometric analyses of Bundesbank policy which have shown an absence of dependable relationship between money growth, inflation, and policy movements. We offer an analysis of actual Bundesbank and Swiss National Bank monetary policy as it operated which explains this puzzling gap between performance and presumed policy. We confirm that neither country is a monetary targeter according to a ...
Conference Paper
Monetary transmission channels in major foreign industrial countries
Conference Paper
Implementing monetary policy in Germany
Conference Paper
The demand for liquid assets in Germany and the United Kingdom
Journal Article
Lessons from West German monetary policy