Kiss, Gergely (contributor); Krekó, Judit (contributor) - 2004
cannot influence them.
13
simultaneous fall in aggregate demand and prices. Thus, the impact of monetary
policy is not … abandonment of
independent monetary policy, equilibrium inflation will depend on inflation in the euro
area and equilibrium real … output
and inflation are included in the definition of the optimal monetary policy rule.
14
changes to quality can be …