The Preparation of Monetary Policy

1. Front Matter

   Pages i-vii

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2. Introduction and Overview

   • Jan Marc Berk

   Pages 1-21

3. The Information Content of the Yield Curve for Monetary Policy: A Survey

   • Jan Marc Berk

   Pages 23-37

4. Co-Movements in Long-Term Interest Rates and the Role of Exchange Rate Expectations: Evidence from Survey Data

   • Jan Marc Berk

   Pages 39-58

5. International Interdependence of Business Cycles: The Use of Leading Indicators for Forecasing and Analysis

   • Jan Marc Berk

   Pages 59-85

6. Measuring Inflation Expectations: A Survey Data Approach

   • Jan Marc Berk

   Pages 87-107

7. Price Movements in the Netherlands and Germany and the Guilder-Dmark Peg

   • Jan Marc Berk

   Pages 109-120

8. Summary and Concluding Remarks

   • Jan Marc Berk

   Pages 121-126

9. Back Matter

   Pages 127-154

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Standard macroeconomic monographs often discuss the mechanism of monetary transmission, usually ending by highlighting the complexities and uncertainties involved in this mechanism. Conversely, The Preparation of Monetary Policy takes these uncertainties as a starting point, analytically investigating their nature and spelling out their consequences for the monetary policy maker. The second innovative aspect of this book is its focus on policy preparation instead of well-covered topics such as monetary policy strategy, tactics, and implementation. Thirdly, a general, multi-model framework for preparing monetary policy is proposed, which is illustrated by case studies stressing the role of international economic linkages and of expectations. Written in a self-contained fashion, these case studies are of interest by themselves.
The book is written for an audience that is interested in the art and science of monetary policy making, which includes central bankers, academics, and (graduate) students in the field of monetary economics, macroeconomics, international economics and finance.

• Inflation
• International Economics
• calculus
• interest rates
• monetary economics
• monetary policy
• paraplupub

• De Nederlandsche Bank, Amsterdam, The Netherlands

  Jan Marc Berk

• Free University, Amsterdam, The Netherlands

  Jan Marc Berk

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