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Recent Central-Bank Reforms and the Role of Price Stability as the Sole Objective of Monetary Policy

In: NBER Macroeconomics Annual 1995, Volume 10

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Carl E. Walsh

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This chapter was published in: Carl E. Walsh NBER Macroeconomics Annual 1995, Volume 10, , pages 237-252, 1995.

This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number 11020.

Handle: RePEc:nbr:nberch:11020

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Related research
This chapter was published in the following book, which is listed on IDEAS:
Ben S. Bernanke & Julio J. Rotemberg, 1995. "NBER Macroeconomics Annual 1995, Volume 10," NBER Books, National Bureau of Economic Research, Inc, number bern95-1.
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  1. Rogoff, Kenneth, 1985. "The Optimal Degree of Commitment to an Intermediate Monetary Target," The Quarterly Journal of Economics, MIT Press, vol. 100(4), pages 1169-89, November. [Downloadable!] (restricted)
  2. Michael Hutchison, 1995. "Central bank credibility and disinflation in New Zealand," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue Feb 10. [Downloadable!]
  3. José I. García de Paso, 1993. "Monetary announcements and monetary policy credibility," Investigaciones Economicas, Fundación SEPI, vol. 17(3), pages 551-567, September. [Downloadable!]
  4. Tirole, Jean, 1994. "The Internal Organization of Government," Oxford Economic Papers, Oxford University Press, vol. 46(1), pages 1-29, January. [Downloadable!] (restricted)
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  5. Lohmann, Susanne, 1992. "Optimal Commitment in Monetary Policy: Credibility versus Flexibility," American Economic Review, American Economic Association, vol. 82(1), pages 273-86, March. [Downloadable!] (restricted)
  6. José Viñals & Charles Goodhart, 1994. "Strategy and Tactics of Monetary Policy: Examples from Europe and the Antipodes," FMG Special Papers sp61, Financial Markets Group. [Downloadable!] (restricted)
  7. Canzoneri, Matthew B, 1985. "Monetary Policy Games and the Role of Private Information," American Economic Review, American Economic Association, vol. 75(5), pages 1056-70, December. [Downloadable!] (restricted)
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  8. Svensson, L.E.O., 1993. "The Simplest Test of Inflation Target Credibility," Papers 560, Stockholm - International Economic Studies.
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  9. Holmstrom, Bengt & Milgrom, Paul, 1994. "The Firm as an Incentive System," American Economic Review, American Economic Association, vol. 84(4), pages 972-91, September. [Downloadable!] (restricted)
  10. Charles Goodhart & José Viñals, 1994. "Strategy and Tactics of Monetary Policy: Examples from Europe and the Antipodes," Banco de España Working Papers 9425, Banco de España.
  11. Waller, Christopher J., 1992. "A bargaining model of partisan appointments to the central bank," Journal of Monetary Economics, Elsevier, vol. 29(3), pages 411-428, June. [Downloadable!] (restricted)
  12. Charles Goodhart & José Viñals, 1994. "Strategy and Tactics of Monetary Policy: Examples from Europe and the Antipodes," Banco de España Working Papers 9425, Banco de España.
  13. Persson, Torsten & Tabellini, Guido, 1993. "Designing institutions for monetary stability," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 39(1), pages 53-84, December. [Downloadable!] (restricted)
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Cited by:
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  1. Francisco Rosende, 1997. "La Autonomía del Banco Central una Vez Más," Cuadernos de Economía (Latin American Journal of Economics), Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 34(101), pages 3-26. [Downloadable!]
  2. Stefan Krause & Fabio Mendez, 2005. "Institutions, Arrangements, and Preferences for Inflation Stability: Evidence and Lessons from a Panel Data Analysis," Emory Economics 0501, Department of Economics, Emory University (Atlanta). [Downloadable!]
    Other versions:
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