Date of Original Version

1987

Type

Article

Abstract or Description

The 1970s and 1980s have provided an unusually large number of experiments in monetary management. We have had fixed and fluctuating exchange rates, interest rate and exchange rate targets and pre-announced targets for monetary growth. Some countries have continued to adjust policies based on short-term forecasts while others have adopted medium-term strategies. What can be learned from this experience?

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Published In

Geld, Banken und Versicherungen, VVW Karlsruhe.