Cecchetti, Stephen G.; Wynne, Mark A. - In: Economic Policy 18 (2003) 37, pp. 395-434
The Harmonized Index of Consumer Prices (HICP) is at the core of the monetary policy strategy of the European Central Bank (ECB). It is the basis for the quantitative definition of price stability that is the ECB’s principal objective. For operational purposes, in October 1998 the Governing...