Monetary Policy: Targets and Instruments

Peter Schmid

Chapter 4 in Inside the Bundesbank, 1998, pp 32-44 from Palgrave Macmillan

Abstract: Abstract Viewed over the long term, prices have risen at a considerably slower pace in Germany than in comparable major industrial countries. At the same time the Deutsche Mark has appreciated strongly in the foreign exchange markets and has become the anchor currency in the EMS. This has owed much to the monetary policy of the Bundesbank, which is based on a clear statutory stability mandate, an independent status and a convincing monetary policy strategy.

Keywords: Monetary Policy; Central Bank; Money Market; Foreign Exchange Market; Money Stock (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26476-6_4

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DOI: 10.1007/978-1-349-26476-6_4

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