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Maximizing price stability in a monetary economy

Author

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  • Mosler, Warren
  • Silipo, Damiano B.

Abstract

Article 127 of the Treaty on the Functioning of the European Union establishes that the primary objective of the European Central Bank (ECB) is to maintain price stability.

Suggested Citation

  • Mosler, Warren & Silipo, Damiano B., 2017. "Maximizing price stability in a monetary economy," Journal of Policy Modeling, Elsevier, vol. 39(2), pages 272-289.
    • Handle: RePEc:eee:jpolmo:v:39:y:2017:i:2:p:272-289
    DOI: 10.1016/j.jpolmod.2016.12.003
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    References listed on IDEAS

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    3. Françoise Drumetz & Christian Pfister, 2021. "The Meaning of MMT," Working papers 833, Banque de France.

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    More about this item

    Keywords

    European Central Bank; Monetary policy tools; Price stability; Buffer stock policy;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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