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

Author

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  • Mico, Apostolov

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.”

Suggested Citation

  • Mico, Apostolov, 2005. ""The monetary policy of the European Central Bank is too conservative.” Discussion," MPRA Paper 6543, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:6543
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    File URL: https://mpra.ub.uni-muenchen.de/6543/1/MPRA_paper_6543.pdf
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    More about this item

    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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