Towards More Effective Monetary Policy

Preface - Notes on the Contributors - Opening Remarks; Y.Matsushita - PART 1: KEYNOTE SPEECHES - On Making Monetary Policy More Effective Domestically and Internationally; A.H.Meltzer - Policy Rules as a Means to a More Effective Monetary Policy; J.B.Taylor - Styles of Monetary Management; T.Padoa-Schioppa - PART 2: EXPLORATION OF A FRAMEWORK FOR EFFECTIVE MONETARY POLICY - Inflation Control and Monetary Policy Rules; D.Laidler - Comments; M.Mussa - Challenges for Monetary Policy in the Evolving Financial Environment; D.W.Mullins,Jr - Comments; M.H.Moskow - PART 3: EXPERIENCE WITH MONETARY POLICY GUIDELINES - The Rise and Fall of Money Growth Targets as Guidelines for US Monetary Policy; B.M.Friedman - Comments; D.Longworth & G.Rich - Monetary Targeting in Germany; M.J.M.Neumann - Comments; W.R.White & J.L.Jordan - Inflation Targeting in Canada, New Zealand, Sweden, the United Kingdom and in General; B.T.McCallum - Comments; D.Mayes & J.H.Beebe - Japanese Monetary Policy, Rules or Discretion? Part II; K.Ueda - Comments; F.S.Mishkin, K.Andersson & M.Goodfriend - PART 4: CENTRAL BANK INDEPENDENCE AND ACCOUNTABILITY - Independence and Accountability; C.Briault, A.Haldane & M.King - Comments; R.Reynders, D.L.Kohn & R.Konig - Central Bank Independence in the European Union; F.Bruni - Comments; R.Raymond, C.E.Minehan & C.B.Briault - PART 5: CONCLUDING SUMMARY - Towards More Effective Monetary Policy: Concluding Remarks; G.Tabellini - PART 6: BACKGROUND PAPER - The Policy Objectives and the Optimal Institutional Framework of a Central Bank; K.Okina - Participants - Index