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Swiss Monetary Targeting 1974–1996: The Role of Internal Policy Analysis

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Correspondence to Georg Rich.

Additional information

Private consultant, director and head of the economic division of the Swiss National Bank until 2001. I wrote this paper in August and September 2002 as a visiting expert at the European Central Bank. I would like to thank the ECB for affording me the opportunity to do research on Swiss monetary policy. In particular, I am indebted to Vítor Gaspar, former director general of research at the ECB. I would never have embarked on this project without his encouragement and support. I am also grateful to Jean-Pierre Roth, Michel Peytrignet, Peter Stalder and Markus Zimmerli for their help with this paper. The analysis of this paper reflects my own views, which need not accord with those of the SNB.

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Rich, G. Swiss Monetary Targeting 1974–1996: The Role of Internal Policy Analysis. Swiss J Economics Statistics 143, 283–329 (2007). https://doi.org/10.1007/BF03399241

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Keywords

  • Monetary policy
  • monetary targets
  • policy rules
  • price stability

JEL Classification

  • E31
  • E32
  • E41
  • E52
  • E58