The Controllability of a Monetary Aggregate in EMU

The ECB has still not decided which monetary policy strategy to pursue from 1999. However, the preparatory work has reduced the possible alternatives to two: a strategy of intermediate objectives fixed in terms of the quantity of money and a direct inflation targeting strategy. It would be also possible to apply a strategy combining element of both.

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Year of publication:	1998
Authors:	Cabrero, Alberto ; Escrivá, Juan L. ; Muñoz, Emilio ; Peñalosa, Juan
Institutions:	Banco de España
Subject:	MONETARY POLICY \| EUROPE \| MONETARY AREAS

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Series:	Banco de España Working Papers.
Type of publication:	Book / Working Paper
Notes:	38 pages
Classification:	F15 - Economic Integration ; F33 - International Monetary Arrangements and Institutions ; F42 - International Policy Coordination and Transmission
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005155230