Alberto Cabrero Juan L. Escrivá Emilio Muñoz Juan Peñalosa
Abstract
The ECB has still not decided which monetary policy strategy to pursue from 1999. However, the preparatory work has reduced the possible alternatives to two: a strategy of intermediate objectives fixed in terms of the quantity of money and a direct inflation targeting strategy. It would be also possible to apply a strategy combining element of both.
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Find related papers by JEL classification: F15 - International Economics - - Trade - - - Economic Integration F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
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