Matthew B. Canzoneri

• Establishing a central bank
• Monetary policy in interdependent economies
• The new transatlantic economy
• Currency substitution and exchange rate volatility in the European Community
• Do exchange rates move to address international macroeconomic imbalances?
• Feasible mechanisms for achieving monetary stability
• Fiscal constraints on central bank independence and price stability
• How do monetary and fiscal policy interact in the European Monetary Union?
• Is the price level determined by the needs of fiscal solvency?
• Mechanisms for achieving monetary stability
• Monetary integration in Europe
• Real interest rates and central bank operating procedures