Monetary Conditions for Economic Recovery

1. Front Matter

   Pages I-X

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2. Opening Address

   1. Opening Address

      • W. F. Duisenberg

      Pages 1-5

   2. Introduction

      • C. van Ewijk

      Pages 7-18

3. National Monetary Policies

   1. Front Matter

      Pages 19-19

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   2. What Role for Monetary Policy Today?

      • A. Lamfalussy

      Pages 21-38

   3. U.S. Monetary Policy in Recent Years: an Overview

      • S. H. Axilrod

      Pages 39-58

   4. Monetary Control — the British Experience

      • C. A. E. Goodhart

      Pages 59-84

   5. Monetary Control: The German Experience

      • H. Schlesinger

      Pages 85-93

   6. Monetary Control: The Dutch Experience

      • M. M. G. Fase

      Pages 95-125

4. International Monetary Coordination

   1. Front Matter

      Pages 127-127

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   2. International Monetary Policy to Promote Economic Recovery

      • W. H. Buiter

      Pages 129-160

   3. European Monetary Cooperation and Financial Stability

      • P. de Grauwe

      Pages 161-186

   4. The Optimal Exchange-Rate System and Its Significance for Economic Recovery

      • H. Jager

      Pages 187-220

   5. Policies and Responsibilities of the International Monetary Fund: Back to Basics

      • T. de Vries

      Pages 221-240

5. Monetary Conditions for Economic Recovery

   1. Front Matter

      Pages 241-241

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   2. Lessons of the Monetarist Experiment

      • N. Kaldor

      Pages 243-262

   3. The Significance of Recent Experience with Monetary Policy in Shaping Future Economic Policy

      • P. Korteweg

      Pages 263-277

   4. Monetary Conditions for Economic Recovery; The Dutch Perspective

      • G. A. Kessler

      Pages 279-311

   5. Monetary Conditions for Economic Recovery: The International Perspective

      • E. van Lennep

      Pages 313-338

6. Back Matter

   Pages 339-339

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An international symposium on Monetary Conditions for Economic Recovery was organised in Amsterdam from 14-16 November 1984 by the Department of Macroeconomics, Faculty of Economics of the University of Amsterdam, to honour its distinguished member, Professor G. A. Kessler, who had recently retired from his Chair of Monetary Econo­ mics. Experts on monetary theory and monetary policy from various parts of the world took part in the discussions on both the theoretical and practical aspects of the theme. The papers have been collected in this volume. Our debts in organizing the symposium and preparing this volume for publication are many. The symposium was financed through the support of a number of sponsors whose names have been listed on the next page. The Netherlands Bank accommodated the conference sessions. The organizing Committee owes much to the successful efforts of its members Jean Morreau, Casper van Ewijk and Annette Deckers. We are grateful to the President of the Netherlands Bank for his intro­ ductory speech on the work of Professor Kessler, which is included in this volume. Wouter Zant assisted in editing the volume for publication.

• cooperation
• economic policy
• monetary policy
• stability

• University of Amsterdam, The Netherlands

  C. Ewijk, J. J. Klant

Policies and ethics