A Framework for Monetary Stability

Papers and Proceedings of an International Conference organised by De Nederlandsche Bank and the CentER for Economic Research at Amsterdam
Softcover Nachdruck of the original 1. Auflage 1994
ISBN: 978-0-7923-3173-5
Verlag: Springer Netherlands

Buch, Englisch, Band 27, 340 Seiten, Paperback, Format (B × H): 155 mm x 235 mm, Gewicht: 1090 g

Reihe: Financial and Monetary Policy Studies

Recently, De Nederlandsche Bank in coope:ration with the CentER for Economic Research of Tilburg University organised an international conference on monetary policy. This volume contains the papers, comments and speeches given on that occasion. The organisation of such a conference and the publication of this book were possible only through the efforts of a number of people. More in particular I would like to thank the organising committee (prof Onno de Beaufort Wijnholds, assoc prof Sylvester Eijffinger, dr Lex Hoogduin and Broos van der Werff), Hans Haan the conference manager, Imelda Drubbel and Nicolette Ligtenberg who constituted the conference secretariat, Bert Groothoff who acted as press officer and Eric Schaling for their assistance. A special word of appreciation is due to mrs Bodil Andersen (Denmarks National Bank) and mr Kumiharu Shigehara (Organisation of Economic Cooperation and Development) who accepted the difficult task of chairing the meetings which they did most admirably. Of course, a conference cannot even take place without participants and cannot be a success without good participants. I am very pleased that we could be the host of the eminent group of people who in my view made the conference such a success. Before the conference I thought it would be a one-time-event. After the event I am not so sure.

Zielgruppe

Research

Autoren/Hrsg.

Beaufort Wijnholds, J. Onno De

Hoogduin, Lex H.

Eijffinger, Sylvester C.W.

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Internationaler Handel
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geldwirtschaft, Währungspolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Finanzierung, Investition, Leasing

Inhaltsverzeichnis

A — Thursday October 21, 1993.- Opening Speech by the President of De Nederlandsche Bank.- Keynote Speech by the Vice Chairman of the Federal Reserve Board: A Framework for Monetary Stability — A Policy Maker’s Perspective.- Formal Targets for Inflation Reduction: The Canadian Experience.- The Costs and Benefits of Disinflation.- Comment on C. Freedman: Formal Targets for Inflation Reduction: The Canadian Experience.- Comment on S. Fischer: The Costs and Benefits of Disinflation.- Commitment through Delegation, Political Influence and Central Bank Independence.- Central Bank Autonomy: Policy Issues.- Comment on A. Cukierman: Commitment through Delegation, Political Influence and Central Bank Independence.- Comment on Onno de Beaufort Wijnholds and Lex Hoogduin: Central Bank Autonomy: Policy Issues.- Intermediate Targets versus Information Variables as Operating Guides for Monetary Policy.- Monetary Policy Strategy in the EMU.- Comment on B.M. Friedman: Intermediate Targets versus Information Variables as Operating Guides for Monetary Policy.- Comment on O. Issing: Monetary Policy Strategy in the EMU.- Dinner Speech by: To Cut or Not to Cut Interest Rates: Some Remarks on the ERM.- B — Friday October 22, 1993.- Rules versus Discretion in Monetary Policy.- The Role of Monetary Policy in IMF Programs.- Comment on A.D. Crockett: Rules versus Discretion in Monetary Policy.- Comment on M. Guitián: The Role of Monetary Policy in IMF Programs.- Italy’s Experience within and without the European Monetary System: A Preliminary Appraisal.- Monetary Policy and Exchange Rates: The French Experience.- Comment on M. De Cecco and F. Giavazzi: Italy’s Experience within and without the European Monetary System: A Preliminary Appraisal.- Comment on A. Icard: Monetary Policyand Exchange Rates: The French Experience.- Can Russia Control Inflation?.- Stabilization and Monetary Reform in Latin America.- Comment on R. Layard: Can Russia Control Inflation?.- Comment on R. Dornbusch: Stabilization and Monetary Reform in Latin America.- A Framework for Monetary Stability — General Report.- List of Participants.