Jakob de Haan is Jean Monnet Professor and Director of the research school Systems, Organisation and Management at the University of Groningen, The Netherlands

'The authors in this book are all experts in this field, and their perspective is refreshingly interdisciplinary, linking political science and economics. In this book they fill a marked gap in research literature.' - European Foundation For Management Development'This volume is a truly rich source for further studies.'- Weltwirtschaftliches Archiv

• Introduction Jakob de Haan 1. Introductory remarks on 50 years of Bundesbank: lessons for the ECB André Szász 2. How independent is the Bundesbank really? A survey Philipp Maier and Jakob de Haan 3. The Bundesbank's reaction to policy conflicts Helge Berger and Friedrich Schneider 4. From low inflation to price stability in Germany: measurement, costs and benefits Karl-Heinz Tödter and Gerhard Ziebarth 5. Credibly conservative monetary policy and labour-goods-market organisation: a review with implications for ECB-led monetary policy in Europe Robert J. Franzese, Jr. 6. Monetary policy of the ECB: strategy and instruments Sylvester C.W. Eijffinger 7. The European central bank as a new institution and the problem of accountability Otmar Issing

Jakob de Haan is Jean Monnet Professor and Director of the research school Systems, Organisation and Management at the University of Groningen, The Netherlands

'The authors in this book are all experts in this field, and their perspective is refreshingly interdisciplinary, linking political science and economics. In this book they fill a marked gap in research literature.' - European Foundation For Management Development'This volume is a truly rich source for further studies.'- Weltwirtschaftliches Archiv

• Introduction Jakob de Haan 1. Introductory remarks on 50 years of Bundesbank: lessons for the ECB André Szász 2. How independent is the Bundesbank really? A survey Philipp Maier and Jakob de Haan 3. The Bundesbank's reaction to policy conflicts Helge Berger and Friedrich Schneider 4. From low inflation to price stability in Germany: measurement, costs and benefits Karl-Heinz Tödter and Gerhard Ziebarth 5. Credibly conservative monetary policy and labour-goods-market organisation: a review with implications for ECB-led monetary policy in Europe Robert J. Franzese, Jr. 6. Monetary policy of the ECB: strategy and instruments Sylvester C.W. Eijffinger 7. The European central bank as a new institution and the problem of accountability Otmar Issing

Jakob de Haan is Jean Monnet Professor and Director of the research school Systems, Organisation and Management at the University of Groningen, The Netherlands

'The authors in this book are all experts in this field, and their perspective is refreshingly interdisciplinary, linking political science and economics. In this book they fill a marked gap in research literature.' - European Foundation For Management Development'This volume is a truly rich source for further studies.'- Weltwirtschaftliches Archiv

• Introduction Jakob de Haan 1. Introductory remarks on 50 years of Bundesbank: lessons for the ECB André Szász 2. How independent is the Bundesbank really? A survey Philipp Maier and Jakob de Haan 3. The Bundesbank's reaction to policy conflicts Helge Berger and Friedrich Schneider 4. From low inflation to price stability in Germany: measurement, costs and benefits Karl-Heinz Tödter and Gerhard Ziebarth 5. Credibly conservative monetary policy and labour-goods-market organisation: a review with implications for ECB-led monetary policy in Europe Robert J. Franzese, Jr. 6. Monetary policy of the ECB: strategy and instruments Sylvester C.W. Eijffinger 7. The European central bank as a new institution and the problem of accountability Otmar Issing