Conference Paper
Optimal contracts for independent central bankers: private information, performance measures and reappointment
Walsh, Carl E. (1993-03)
Proceedings , Issue Mar

Working Paper
Central bank institutional design and the output cost of disinflation: did the 1989 New Zealand Reserve Bank Act affect the output-inflation tradeoff?
Walsh, Carl E.; Hutchison, Michael M. (1997)
Pacific Basin Working Paper Series , Paper 97-02

Journal Article
Monetary policy without reserve requirements : case studies and options for the United States
Weiner, Stuart E.; Sellon, Gordon H. (1997-04)
Over the past decade, the level of required balances held by depository institutions in the United States has declined dramatically. The decline in reserve balances has fueled a debate over the role of reserve requirements. On the one hand, proponents of reserve requirements argue that low reserve balances may complicate monetary policy operations and increase short-term interest rate volatility. On the other hand, critics of reserve requirements argue that lower reserve requirements remove a distortionary tax on depository institutions and need not complicate monetary policy operations. ; In ...
Economic Review , Volume 82 , Issue Q II , Pages 5-30

Journal Article
Central bank credibility and disinflation in New Zealand
Hutchison, Michael M. (1995)
FRBSF Economic Letter

Conference Paper
The role of the exchange rate in New Zealand monetary policy
Grimes, Arthur; Wong, Jason (1992-09)
Proceedings , Issue Sep

Journal Article
Inflation targeting: lessons from four countries
Posen, Adam S.; Mishkin, Frederic S. (1997-08)
In recent years, a number of central banks have chosen to orient their monetary policy toward the achievement of numerical inflation targets. This study examines the experience of the first three countries to adopt an inflation-targeting strategy--New Zealand, Canada, and the United Kingdom. It also considers the German experience with a monetary targeting scheme that incorporated many elements of inflation targeting even earlier. The authors find that the countries adopting a numerical inflation target have successfully maintained low inflation rates. Other benefits of inflation targeting ...
Economic Policy Review , Volume 3 , Issue Aug , Pages 9-110

Working Paper
Optimal contracts for independent central bankers: private information, performance measures and reappointment
Walsh, Carl E. (1993)
Working Papers in Applied Economic Theory , Paper 93-02

Journal Article
Credibility, commitment and inflation policy
Walsh, Carl E. (1990)
FRBSF Economic Letter

Journal Article
Monetary policy in New Zealand
Walsh, Carl E. (1988)
FRBSF Economic Letter

Working Paper
Is New Zealand's Reserve Bank Act of 1989 an optimal central bank contract?
Walsh, Carl E. (1994)
Pacific Basin Working Paper Series , Paper 94-01