Monetary Policy under EMU

Charles Bean

Oxford Review of Economic Policy, 1998, vol. 14, issue 3, 41-53

Abstract: This paper considers a number of issues connected with the implementation of monetary policy in the Euro zone. These include: the techniques of monetary control; whether to adopt an explicit inflation target and, if so, for what index; the politics of decision-making within the Governing Council of the European System of Central Banks; the likelihood of there being conflicts of interest between the member countries of the Euro zone; the interaction of monetary and fiscal policy; and the role of the ESCB in maintaining financial stability. Copyright 1998 by Oxford University Press.

Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:oup:oxford:v:14:y:1998:i:3:p:41-53

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