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Geldpolitik für den Euroraum

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  • Otmar Issing

Abstract

The adoption of a common currency by 12 European countries confronted monetary policy with unique challenges. In 1998, the ECB announced a monetary-policy strategy of how it aims to pursue price stability. Compared with other strategies, this has proved to be a superior alternative. Therefore, in the evaluation of its strategy in May 2003, the ECB confirmed that it aims to maintain inflation below, but close to, 2% over the medium term and that its decisions will continue to be based on a comprehensive analysis of risks to price stability, comprising an economic and a monetary analysis. Copyright Verein für Socialpolitik und Blackwell Publishers Ltd, 2004

Suggested Citation

  • Otmar Issing, 2004. "Geldpolitik für den Euroraum," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 5(4), pages 381-404, November.
  • Handle: RePEc:bla:perwir:v:5:y:2004:i:4:p:381-404
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