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Geldpolitik für den Euroraum

  • Otmar Issing
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    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

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    Article provided by Verein für Socialpolitik in its journal Perspektiven der Wirtschaftspolitik.

    Volume (Year): 5 (2004)
    Issue (Month): 4 (November)
    Pages: 381-404

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    Handle: RePEc:bla:perwir:v:5:y:2004:i:4:p:381-404
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    30. Claus Brand & Hans-Eggert Reimers & Franz Seitz, 2003. "Narrow Money and the Business Cycle: Theoretical aspects and euro area evdence," Macroeconomics 0303012, EconWPA.
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