Monetary policy targets and the stabilization objective: A source of tension in the EMS

Journal of International Money and Finance

Volumn 15, Issue 1, 1996, Pages 95-116

  Wieland, Volker ^a  

^a FEDERAL RESERVE BOARD   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0030080121     PISSN: 02615606     EISSN: None     Source Type: Journal    
DOI: 10.1016/0261-5606(95)00047-X     Document Type: Article

References (14)

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3. FRATIANNI, MICHELE, AND JÜRGEN VON HAGEN, The European Monetary System and European Monetary Union, Westview Press, 1992.
4. GIAVAZZI, FRANCESCO AND ALBERTO GIOVANNINI, Limiting Exchange Rate Flexibility, Cambridge, MIT Press, 1989.
5. HERZ, BERNHARD AND WILHELM RÖGER, 'The EMS is a greater Deutschemark area', European Economic Review, October 1992, 36: 1413-25.
6. HUGHES HALLET, ANDREW, PATRICK MINFORD AND A. RASTOGI, 'The European Monetary System: achievements and survival', in R. Bryant, P. Hooper and C. Mann, eds, Evaluating Policy Regimes, Washington DC, Brookings Institution, 1993.
7. MASSON, PAUL AND STEVEN SYMANSKY, 'Evaluating the EMS and EMU using stochastic simulations: some issues', IMF Working Paper, No. 93/28, March 1993.
8. MASTROPASQUA, C., S. MICOSSI AND R. RINALDI, 'Intervention, sterilization, and monetary policy in EMS countries 1979-1987', in F. Giavazzi, S. Micossi and M. Miller eds, European Monetary System, Cambridge (UK), Cambridge University Press, 1988.
9. MCKINNON, RONALD, 'The rules of the game: international money in historical perspective', Journal of Economic Literature, March 1993, 31: 1-44.
10. RUSSO, MASSIMO AND G. TULLIO, 'Monetary conditions within the European Monetary System: is there a rule?' in, Policy Coordination in the European Monetary System, Occasional Paper 61, International Monetary Fund, September 1988.
11. TAYLOR, JOHN B., Macroeconomic Policy in the World Economy: from Econometric Design to Practical Operation, New York: W. W. Norton, 1993.
12. TAYLOR, JOHN B., 'Policy analysis with a multicountry model', in R. Bryant, D. Currie, J. Frenkel, P. Masson and R. Portes, eds, Macroeconomic Policies in an Interdependent World, International Monetary Fund, 1988.
13. TAYLOR, JOHN B., 'Estimation and control of a macroeconomic model with rational expectations', Econometrica, September 1979, 47: 1267-1287.
14. WIELAND, VOLKER, 'Is the European Monetary System a D-Mark zone? A survey of the empirical evidence', unpublished mimeo, October 1992.