Towards More Effective Monetary Policy

Front Matter....Pages i-xiv
Front Matter....Pages 1-1
On Making Monetary Policy More Effective Domestically and Internationally....Pages 3-27
Policy Rules as a Means to a More Effective Monetary Policy....Pages 28-39
Styles of Monetary Management....Pages 40-63
Front Matter....Pages 65-65
Inflation Control and Monetary Policy Rules....Pages 67-98
Challenges for Monetary Policy in the Evolving Financial Environment....Pages 99-134
Front Matter....Pages 135-135
The Rise and Fall of Money Growth Targets as Guidelines for US Monetary Policy....Pages 137-175
Monetary Targeting in Germany....Pages 176-210
Inflation Targeting in Canada, New Zealand, Sweden, the United Kingdom, and in General....Pages 211-252
Japanese Monetary Policy, Rules or Discretion? A Reconsideration....Pages 253-295
Front Matter....Pages 297-297
Independence and Accountability....Pages 299-340
Central Bank Independence in the European Union....Pages 341-386
Front Matter....Pages 387-387
Towards More Effective Monetary Policy: Concluding Remarks....Pages 389-399
Front Matter....Pages 401-401
The Policy Objectives and the Optimal Institutional Framework of a Central Bank....Pages 403-426
Back Matter....Pages 427-439