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Prices and interest rate behavior in the European Monetary Union: The first 18 months

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  • Agustin Alonso-Rodriguez

Abstract

New ideas on the role of central banks have been exposed in recent years. This paper studies the evolution of the consumer price index and the treasury bill rate in the 11 countries of the European Union that have adopted the euro to see if it could be considered to be consistent with a unified economic policy, as directed by the European Central Bank. This evolution is analyzed during the first year and a half of the existence of the euro. Copyright International Atlantic Economic Society 2002

Suggested Citation

  • Agustin Alonso-Rodriguez, 2002. "Prices and interest rate behavior in the European Monetary Union: The first 18 months," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 8(4), pages 287-295, November.
    • Handle: RePEc:kap:iaecre:v:8:y:2002:i:4:p:287-295:10.1007/bf02295503
    DOI: 10.1007/BF02295503
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    References listed on IDEAS

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    1. Gartner, Manfred, 2000. "Political Macroeconomics: A Survey of Recent Developments," Journal of Economic Surveys, Wiley Blackwell, vol. 14(5), pages 527-561, December.
    2. Piga, Gustavo, 2000. "Dependent and Accountable: Evidence from the Modern Theory of Central Banking," Journal of Economic Surveys, Wiley Blackwell, vol. 14(5), pages 563-595, December.
    3. Gustavo Piga, 2000. "Dependent and Accountable: Evidence from the Modern Theory of Central Banking," Journal of Economic Surveys, Wiley Blackwell, vol. 14(5), pages 563-595, December.
    4. Manfred Gärtner, 2000. "Political Macroeconomics: A Survey of Recent Developments," Journal of Economic Surveys, Wiley Blackwell, vol. 14(5), pages 527-561, December.
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