CCBS
Publications
Monetary Frameworks in a Global Context
By Lavan Mahadeva and Gabriel Sterne
You can download the different sections of the publication by using the links below.
Part I - Key issues in the choice of monetary policy framework
- Table of contents. (213kb)
- List of figures, list of tables, contributors and e-mail addresses and acknowledgements. (1.1Mb)
- Foreword. (125kb)
- General Introduction. (1.4Mb)
- Introduction. (1.2Mb)
- A historical examination of inflation stability under alternative monetary frameworks. (649kb)
- The use of explicit targets for monetary policy: practical experiences in 93 economies in the 1990's. (2.5Mb)
- The devil in the detail of monetary policy frameworks: issues and measures of monetary framework characteristics. (1.9Mb)
- The devil in the detail of monetary policy frameworks (2): interpreting measures of framework characteristics. (1.7Mb)
- What does independence mean to central banks?. (855kb)
- Redesigning the monetary policy framework: practical considerations. (1.3Mb)
- Conclusions and summary. (5.6Mb)
- Appendix 1 available in excel format from here. (130kb)
Part II - Monetary policy strategies
- Monetary policy objectives in emerging markets in light of the Asian Crisis - Andrew Crockett. (632kb)
- The role of the Monetary Policy Committee: strategic considerations - Charles Goodhart. (1.3Mb)
- Establishing a reputation for dependability by means of inflation targets - Alex Cukierman. (2Mb)
Part III - Transmission mechanisms and monetary frameworks
- Modelling the transmission mechanism of monetary policy in the Czech Republic - Lavan Mahadeva and Katerina Smidkova. (2Mb)
- Setting monetary policy instruments in Uganda - Michael Atomgo-ego. (1.7Mb)
- Monetary policy in a dollarised economy: the case of Peru - Zenon Quispe Misaico. (1.7Mb)
- The Balassa-Samuelson effect and monetary targets - Marion Kohler. (2.4Mb)
Part IV - Country experiences with different monetary strategies
- Lessons from the Bundesbank on the occasion of its early retirement - Adam S Posen. (2.8Mb)
- What can inflation expectations and core inflation tell us about monetary policy in Japan? - Masahiro Higo. (1.5Mb)
- Inflation and money goals: the recent experience of Monetary policy in Mexico - Samuel Alfardo and Moises J Schwartz. (985kb)
- Inflation targets and stabilisation in Chile - Oscar Landerretche, Felipe Morande and Klaus SChmidt-Hebbel. (1.9Mb)
- Monetary policy and disinflation in Israel - Gil Bufman and Leonardo Leiderman. (3.3Mb)
- Inflation targeting in the Czech Republic - Miroslav Hrncir and Katerina Smidkova. (1.1Mb)
Part V - Specifying and using targets
- Core inflation as an indicator in monetary policy rules - Seamus Hogan. (1.3Mb)
- Specifying an inflation target: the case of administering prices and other candidates for exclusion - Uros Cufer, Lavan Mahadeva and Gabriel Sterne. (1.6Mb)
- Exchange rates considerations in a small open economy: a critical look at the MCI as a possible solution - David G Mayes and Matti Viren. (3Mb)
- Index. (1.1Mb)
