A French plot to undermine monetary stability?

On Monetary Stability and Monetary Reform

Stability and Monetary policy

i am very pleased to have the opportunity to discuss this timely and thought-provoking paper. its implications are particularly relevant, more than a year after the onset of the current financial turmoil. in particular, views remain divided on how economic activity is being affected, and how we can best ensure that lessons learned from this period help to strengthen our crisis prevention and ma...

Putting Money Back into Monetary Policy: A Monetary Anchor for Price and Financial Stability

In this issue... Measuring broad money may be out of fashion among monetary authorities, but it is a useful leading indicator of inflation and of build-ups in financial imbalances that can lead to financial instability.

Stefan Gerlach: Fiscal imbalances and monetary stability

I am delighted to be here today. Let me start by acknowledging the important work the Chamber has undertaken since its establishment in 1980 in promoting closer links between Irish and German companies. As you may know, in terms of trade with the EU, Germany ranks jointly as the 2nd largest market for Irish exports, and is the 3rd largest source of Irish imports. Our close economic links with G...

Worldwide Macroeconomic Stability and Monetary Policy Rules

We study the interaction of multiple large economies in dynamic stochastic general equilibrium. Each economy has a monetary policymaker that attempts to control the economy through the use of a linear nominal interest rate feedback rule. We show how the determinacy of worldwide equilibrium depends on the joint behavior of policymakers worldwide. We also show how indeterminacy exposes all econom...