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Journal Article
Central bank perspectives on stabilization policy
For some time, the use of monetary and fiscal policies to smooth business cycle fluctuations has taken a back seat to longer term objectives of restoring price stability and fiscal balance. More recently, however, weaker economic performance in some of the world?s economies, most notably in Japan and the United States, has led to renewed interest in the use of short-run stabilization policy. ; This year the bank?s economic policy symposium, ?Rethinking Stabilization Policy,? explored the potential scope for stabilization policy in this new environment. The papers presented at the symposium ...
Journal Article
Why did the Great Inflation not happen in Germany?
Journal Article
Communication, transparency, accountability: monetary policy in the twenty-first century
This article is a revised English translation of the Thunen Lecture, given at the Annual Congress of the Verein fur Socialpolitik, September 29, 2004, in Dresden, Germany.
Conference Paper
Monetary policy in a changing economic environment
Conference Paper
Housing is the business cycle: general discussion
Journal Article
Panel discussion: inflation targeting
Conference Paper
The housing finance revolution: general discussion