Foreword

Foreword to the 1st edition, June 1999 (published in Danish only)

Danmarks Nationalbank has seen a need for an overall presentation of the Danish approach to monetary policy. There are many textbooks and general publications describing the monetary-policy objectives, strategies and instruments. Each country has its own unique traditions and institutional conditions, however, making it sometimes difficult to see the relationship between the general theories and the specific monetary policy of the individual country.

Danmarks Nationalbank has previously published papers and books on both monetary-policy instruments and issues relating to monetary history. In addition, a number of articles in its Monetary Review have described and analysed selected topics. This publication seeks to fill the gap with an overall presentation of Danish monetary policy, based on the situation in 1999.

The publication was prepared by Jacob Topp, Economics.

Many of Danmarks Nationalbank’s staff have contributed their comments and suggestions. Danmarks Nationalbank would also like to thank Professor Claus Vastrup and Professor Hans E. Zeuthen for kindly reading the manuscript and making suggestions for improvements. Any remain-ing errors are Danmarks Nationalbank's responsibility.

 

Foreword to the 2nd edition, June 2003 (published in Danish and English)

At intervals it is necessary to adjust the contents of a publication to bring it up-to-date. This also applies to "Monetary Policy in Denmark", of which the first edition was published only a few months after the euro had been introduced.

The 2nd edition was prepared by Kim Abildgren, Peter Kjær Jensen and Peter Ejler Storgaard.