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"The monetary policy of the European Central Bank is too conservative.” Discussion

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Mico, Apostolov

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Abstract

1999 - European Central Bank (ECB) started enforcing the single monetary policy for the euro area. The Treaty of Maastricht constituted the European Union and monetary system of the European Union - Eurosystem with: “The primary objective of the ECB’s monetary policy is to maintain price stability. The ECB aims at inflation rates of below, but close to, 2% over the medium term.”

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File URL: http://mpra.ub.uni-muenchen.de/6543/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 6543.

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Date of creation: 01 Oct 2005
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Handle: RePEc:pra:mprapa:6543

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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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This page was last updated on 2009-12-9.

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