exchange rates as a means to achieve price stability. After discussing the explanations for the crises, the paper concludes … that fixed exchange rates are not a shortcut to price stability. Monetary stability and credibility have to be built at … previously thought. They may even be in conflict with price stability, by inducing a procyclical destabilizing monetary policy …

standard rule aiming exclusively at price stability against the other, where monetary policy additionally leans against fiscal … importantly, the additional fiscal conditionality can enhance the credibility of the central bank to achieve price stability. We …

This study examined the effect of monetary policy on price stability in Nigeria using a data-rich framework spanning … from 1986-2020 with the interest in exploring which of monetary policy has been effective in propelling price stability and … useful effect on inflation (price stability). The study employed Auto-regression Distributed Lag (ARDL) Bound Test for Co …

version of a Diamond and Dybvig (1983) model, with an additional and exogenous price stability objective for the central bank … either as excessive real asset liquidation or as a failure to maintain price stability. We demonstrate an impossibility … price stability, the central bank can achieve at most two …

We study whether a central bank should deviate from its objective of price stability to promote financial stability. We …

Siekmann analyzes the legal foundation of the tasks and objectives of the Eurosysstem and price stability as a legal term. He …