Arghyrou, Michael Georgiou (contributor) - 2006
was monetary policy conducted in the 1990s so that the
hitherto highest-inflation EU country managed to join the euro by … the single monetary policy to
any degree responsible for the post-euro maintenance of Greek inflation at levels double … shock term. If b > 1 (b < 1), monetary policy is inflation-averse (inflation-
accommodating); if g > 0 (g = 0) monetary …