1 “...This paper reassesses, in the light of recent experience, the formulation of monetary policy...”

2 “...During the past decade, the formulation of fiscal policy has been increasingly founded on medium...”

3 “... of monetary policy, both at the conceptual level and in the light of the experience of the seven major OECD...”

4 “...This paper discusses how monetary policy might assist macroeconomic performance in the second half...”

5 “... alternative fiscal policy settings .....”

6 “... of medium-term policy norms, and the institutional means through which these are implemented; and third...”

7 “... policies in the 1980s, concentrating on monetary and fiscal instruments. The developments that led...”