Monetary Frameworks : Is There a Preferred Option for the European Central Bank?

Is There a Preferred Option for the European Central Bank?

Monetary Frameworks : Is There a Preferred Option for the European Central Bank?
This paper discusses how the size of the monetary union in Europe can influence the choice of the monetary framework. The main conjecture is that the European Central Bank ought to target inflation if monetary union is confined to a "core" group of countries. However, the decision on whether to target inflation or monetary aggregates is not an... READ MORE...

Publication date: June 1997
ISBN 9781451972030
$10.00

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