"The monetary policy of the European Central Bank is too conservative.” Discussion
Abstract1999 - 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 6543.
Date of creation: 01 Oct 2005
Date of revision:
Find related papers by JEL classification:
- 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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