Marzo, Massimiliano (contributor); Strid, Ingvar (contributor) - 2006
European Central Bank (ECB) is often supposed to follow a non-linear rule like the op-
portunistic one considered in the … the duties of the ECB. According to
SGP, ECB should target inflation rate ahead of any other goals. Thus, after any … inflationary shock,
ECB should react in order to bring the inflation back to the target (prescribed as to be 2 per cent
on an …