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

Apostolov Mico

MPRA Paper from University Library of Munich, Germany

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.”

JEL-codes: E58 (search for similar items in EconPapers)
Date: 2005-10-01
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