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Monetary targets as a policy rule: Lessons from the Swiss experience

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  • Rich, Georg
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    Article provided by Elsevier in its journal Journal of Monetary Economics.

    Volume (Year): 39 (1997)
    Issue (Month): 1 (June)
    Pages: 113-141

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    Handle: RePEc:eee:moneco:v:39:y:1997:i:1:p:113-141

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    Web page: http://www.elsevier.com/locate/inca/505566

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    1. René Capitelli & Peter Buomberger, 1990. "Zur Geldpolitik der achtziger Jahre: Einige Grundsätzliche Überlegungen," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 126(IV), pages 535-551, December.
    2. Fischer, Stanley, 1977. "Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule," Journal of Political Economy, University of Chicago Press, vol. 85(1), pages 191-205, February.
    3. Barro, Robert J. & Gordon, David B., 1983. "Rules, discretion and reputation in a model of monetary policy," Journal of Monetary Economics, Elsevier, vol. 12(1), pages 101-121.
    4. Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-91, June.
    5. Georg Rich, 1987. "Swiss and United States monetary policy: has monetarism failed?," Economic Review, Federal Reserve Bank of Richmond, issue May, pages 3-16.
    6. Meltzer, Allan H, 1987. "Limits of Short-run Stabilization Policy: Presidential Address to the Western Economic Association, July 3, 1986," Economic Inquiry, Western Economic Association International, vol. 25(1), pages 1-14, January.
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