Titlebook: Aspects of Central Bank Policy Making; Zvi Eckstein Conference proceedings 1991 Springer-Verlag Berlin · Heidelberg 1991 Bankpolitik.Centr

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Why Persist With a Failed Policy?,This paper deals with the issue of how much fiscal discipline and coordination among member states’ budgets are necessary for the viability of a monetary union. This is one of the key open issues in the European agenda both at the political and at the technical level.

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The Lean Transformation of Higher EducationThe adoption of a stabilization program in July 1985 marks a turning point for the Israeli economy, ending a decade of high inflation -- since then, the economy has functioned at annual inflation rates of around 15–20 percent.

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Towards a European Central Bank: Fiscal Compatibility and Monetary ConstitutionThis paper deals with the issue of how much fiscal discipline and coordination among member states’ budgets are necessary for the viability of a monetary union. This is one of the key open issues in the European agenda both at the political and at the technical level.

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The Balance-of-Payments Offset to Monetary Policy: An Examination of the Israeli CaseThe adoption of a stabilization program in July 1985 marks a turning point for the Israeli economy, ending a decade of high inflation -- since then, the economy has functioned at annual inflation rates of around 15–20 percent.

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Can Restrictions on Banking Replace Fiscal Adjustment? Seigniorage, Reserve Requirements, and Mandatromised. On the level of macroeconomic policy, monetary integration, meaning fixed exchange rates and the possible move to a single European currency, requires convergence of monetary policy across countries. There must be convergence of inflation rates, which, given the predominant role of Vest Ger

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Credibility and Consistent Central Bank Policy: An Insider Viewstudying questions of monetary theory and monetary policy to a large extent occupy the same ground. That, however, is not to say that their relationship is a cosy, neighborly one. They rarely succeed in joining forces or in making the best use of each other’s comparative advantage. Difficulties betw

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Discretion, Precommitments and the Prospects for a European Central Bank — Fixed Parities Versus a Cty that the Community may eventually have a single currency managed by one central monetary authority. Following the Single Act the European Council appointed in mid 1988 a commission headed by Jacques Delors which was entrusted with the task of proposing concrete stages leading towards economic and

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