Inflation Targeting and the European Central Bank

Michael Artis and Zenon Kontolemis ()

Economics Working Papers from European University Institute

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.

Keywords: INFLATION; MONETARY POLICY; CENTRAL BANKS (search for similar items in EconPapers)
JEL-codes: E31 E50 E58 (search for similar items in EconPapers)
Pages: 35 pages
Date: 1998
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eui:euiwps:eco98/4

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