Ebook: New Approaches in Monetary Policy

The Colloquium at Wiesbaden was the seventh in a series organized by the Societe Universitaire Europeenne de Recherches Financieres (SUERF) at intervals since 1969. The titles, places and dates of previous Colloquia are noted on page ii, with brief particulars of the ensuing publications. From the beginning, the emphasis has been on money and finance in a European setting, and the most recent Colloquium, held in Wiesbaden for the three days beginning on September 29, 1977, followed this well-established pattern. The subject, "New Approaches in Monetary Policy", was divided into four aspects, each discussed in separate commissions, as described in the General Report (since the languages used by SUERF are English and French, it appears in the original French on page 327, and in an English translation, on page 355. Three other chapters and the Preface are in French. ) The separate commissions, each with its own chairman and rapporteur, were addressed by the authors of the specially written papers, all experts, active in their fields, and they also led the discussions. M. Raymond Bertrand, the President ofSUERF, was Chairman for the Colloquium as a whole, which was in plenary session for the opening and closing meetings. The Rapporteur General was Professor Paul Coulbois, whose report is mentioned above. Attendance at the Colloquium has risen over the years, and so has the number of papers presented.

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Content:
Front Matter....Pages I-XIV
Front Matter....Pages 1-1
Problems of Monetary Policy in Germany: Some Basic Issues....Pages 3-12
Theoretical Foundations of Monetary Policy: A Monetarist View....Pages 13-39
Monetary Aggregates as Targets of Monetary Policy: A Critical View....Pages 41-53
Implementation of Monetary Targets....Pages 55-63
Targets and Techniques of Monetary Policy in Western Europe....Pages 65-87
Monetary Targetry in Finland....Pages 89-95
The Setting of Targets for Monetary Aggregates: A Non-Monetarist View....Pages 97-101
Experience of the Deutsche Bundesbank with Monetary Targets....Pages 103-109
A Note on the Intermediate Targets of Monetary Policy....Pages 111-123
Monetary Targets in the United Kingdom....Pages 125-130
Monetary Aggregates as Targets of Monetary Policy in Spain....Pages 131-135
Experiences with and Attitudes Vis-?-Vis Monetary Targets in Norway....Pages 137-142
The Implementation of Monetary Targets in Denmark....Pages 143-144
Monetary Aggregates as Targets of Monetary Policy — the Irish Experience 1971 to 1976....Pages 145-152
Mise en Pratique de L’Objectif Mon?taire en France....Pages 153-165
The Swiss National Bank’s Experience with Monetary Targets....Pages 167-171
Les Contr?les Directs Exerc?s sur le Cr?dit....Pages 173-185
Front Matter....Pages 187-187
Problems of Monetary Policy in Open Economies....Pages 189-204
International Coordination of Monetary Policies — with Special Reference to the European Community....Pages 205-224
Front Matter....Pages 225-225
Monetary Policy and Government Finance....Pages 227-249
Front Matter....Pages 225-225
Monetary Policy in the Framework of Economic Policy; Central Banks’ Autonomy....Pages 251-261
Front Matter....Pages 263-263
Efficiency of Monetary Policy; Transmission Mechanisms Over Financial Variables, Prices and the Economy....Pages 265-277
Les Limites du Contr?le Mon?taire; Structures et Comportements....Pages 279-294
The Measurement of the Impact of Monetary Policy on Real Variables....Pages 295-324
Front Matter....Pages 325-325
Rapport G?n?ral....Pages 327-354
General Report (English Version)....Pages 355-381
Back Matter....Pages 383-390

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Content:
Front Matter....Pages I-XIV
Front Matter....Pages 1-1
Problems of Monetary Policy in Germany: Some Basic Issues....Pages 3-12
Theoretical Foundations of Monetary Policy: A Monetarist View....Pages 13-39
Monetary Aggregates as Targets of Monetary Policy: A Critical View....Pages 41-53
Implementation of Monetary Targets....Pages 55-63
Targets and Techniques of Monetary Policy in Western Europe....Pages 65-87
Monetary Targetry in Finland....Pages 89-95
The Setting of Targets for Monetary Aggregates: A Non-Monetarist View....Pages 97-101
Experience of the Deutsche Bundesbank with Monetary Targets....Pages 103-109
A Note on the Intermediate Targets of Monetary Policy....Pages 111-123
Monetary Targets in the United Kingdom....Pages 125-130
Monetary Aggregates as Targets of Monetary Policy in Spain....Pages 131-135
Experiences with and Attitudes Vis-?-Vis Monetary Targets in Norway....Pages 137-142
The Implementation of Monetary Targets in Denmark....Pages 143-144
Monetary Aggregates as Targets of Monetary Policy — the Irish Experience 1971 to 1976....Pages 145-152
Mise en Pratique de L’Objectif Mon?taire en France....Pages 153-165
The Swiss National Bank’s Experience with Monetary Targets....Pages 167-171
Les Contr?les Directs Exerc?s sur le Cr?dit....Pages 173-185
Front Matter....Pages 187-187
Problems of Monetary Policy in Open Economies....Pages 189-204
International Coordination of Monetary Policies — with Special Reference to the European Community....Pages 205-224
Front Matter....Pages 225-225
Monetary Policy and Government Finance....Pages 227-249
Front Matter....Pages 225-225
Monetary Policy in the Framework of Economic Policy; Central Banks’ Autonomy....Pages 251-261
Front Matter....Pages 263-263
Efficiency of Monetary Policy; Transmission Mechanisms Over Financial Variables, Prices and the Economy....Pages 265-277
Les Limites du Contr?le Mon?taire; Structures et Comportements....Pages 279-294
The Measurement of the Impact of Monetary Policy on Real Variables....Pages 295-324
Front Matter....Pages 325-325
Rapport G?n?ral....Pages 327-354
General Report (English Version)....Pages 355-381
Back Matter....Pages 383-390
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