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Inflation Targeting and the European Central Bank

Author

Listed:
  • Artis, M.J.
  • Kontolemis, Z.G.

Abstract

In this paper we examine some of the issues which will arise if the European Central Bank adopts "direct inflation" targeting after the adoption of the single currency in Europe. One issue is how big the deviations in national inflation rates form the European average might be. Another is the definition of the inflation rate to be targeted.

Suggested Citation

  • Artis, M.J. & Kontolemis, Z.G., 1998. "Inflation Targeting and the European Central Bank," Economics Working Papers eco98/4, European University Institute.
  • Handle: RePEc:eui:euiwps:eco98/4
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    Cited by:

    1. Artis, Michael J & Mizen, Paul & Kontolemis, Zenon, 1998. "Inflation Targeting: What Can the ECB Learn from the Recent Experience of the Bank of England?," Economic Journal, Royal Economic Society, vol. 108(451), pages 1810-1825, November.

    More about this item

    Keywords

    INFLATION ; MONETARY POLICY ; CENTRAL BANKS;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • 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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