Der Informationsgehalt des Geldmengenziels der Deutschen Bundesbank-Ergebnisse einer Umfrage aus dem Jahr 1998-

Rainer Frey
Additional contact information
Rainer Frey: University of Rostock

No 22, Thuenen-Series of Applied Economic Theory from University of Rostock, Institute of Economics, Germany

Abstract: The German central bank, Deutsche Bundesbank, conducted monetary targeting until the end of the year 1998. By the announcement of a monetary target, the central bank wanted to inform the public of its monetary stance. If the information-transmisson process has been successful, I checked by the use of a survey. In the survey, I questioned research institutes, large enterprises, unions and employers‘ associations. One of the results is that the information content of the monetary target was not high for nearly half of the interviewees. An overwhelming majority of the interviewees preferred a mixed strategy of monetary and inflation targeting.

Keywords: Geldmengenziel; Inflationsziel; Informationsgehalt; monetary targeting; inflation targeting; information content (search for similar items in EconPapers)
JEL-codes: E52 (search for similar items in EconPapers)
Date: 1999

Downloads: (external link)
http://www.wiwi.uni-rostock.de/fileadmin/Institute ... pdf/wp022thuenen.pdf First version, 1999 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ros:wpaper:22

Access Statistics for this paper

More papers in Thuenen-Series of Applied Economic Theory from University of Rostock, Institute of Economics, Germany
Contact information at EDIRC.
Series data maintained by Doris Neuberger ().