Cristadoro, Riccardo; Venditti, Fabrizio; Saporito, Giuseppe - Banca d'Italia - 2008
The ECB objective of price stability is given a quantitative content as a year-on-year growth rate in the euro area HICP close but below 2% over the medium term. While this objective is referred to area-wide price developments, in anticipating monetary policy moves, market analysts pay...