The Design of EMU

The Design of EMU
Pursuit of price stability may, but need not, exacerbate output fluctuations. This paper discusses the monetary strategy of the European Central Bank, the intermediate targets that this should entail, and implications for accountability, transparency, and reputation. Country-specific shocks will remain but output correlation may not reflect the... READ MORE...

Publication date: August 1997
ISBN 9781451852233
$15.00

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