The International Economic Association

Acknowledgements

List of Contributors

List of Abbreviations and Acronyms

Introduction

Axel Leijonhufvud

Part I Central Banking Experience

Putting Central Banks in Their Place

John W. Crow

Monetary Theory as a Basis for Monetary Policy: Reflections of a Central Banker

Otmar Issing

Comment

Luigi Pasinetti

Comment

Luigi Spaventa

Monetary Policy and Economic Performance: the Recent Experience of the United States and Japan

Kumiharu Shigehara

What Have Monetary Economists done for Central Bankers? The Argentine Case

Pedro Pou

Part II The 'Modus Operandi' of Monetary Policy

Inflation and/or Exchange-rate Targets for Monetary Policy?

Niels Thygesen

Comment

Roberto Tamborini

The Choice of a Monetary Policy Reaction Function in a Simple Optimizing Model

Dale W. Henderson

Jinill Kim

Comment

Luigi Bonatti

Comment

Francesco Farina

Part III Monetary Regimes

The New Political Economy of Central Banking

Sylvester C.W. Eiffinger

Comment

Carluccio Bianchi

Comment

Mustapha K. Nabli

A Return to the Convertibility Principle? Monetary and Fiscal Regimes in Historical Perspective: The International Evidence

Michael D. Bordo

Lars Jonung

Comment

Giorgio Fodor

Money and the Sovereignty of the State

Robert A. Mundell

Comment

Daniel Heymann

Index of Names

Subject Index