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to consider the empirical estimates of the effects of monetary policy. We summarise results drawn from the eurozone, the …
Persistent link: https://www.econbiz.de/10005076687
the EMU macroeconomic policies lie in their potential to achieve full employment and low inflation in the euro area. We … conclude that the institutional and policy arrangements surrounding the EMU and the euro are neither adequate for dealing with …
Persistent link: https://www.econbiz.de/10005076715
Since the early 1990s, a number of countries have adopted Inflation Targeting (IT) in an effort to reduce inflation. Most literature has praised IT as a superior framework of monetary policy. We suggest that IT is a major policy prescription closely associated with the New Consensus...
Persistent link: https://www.econbiz.de/10005561314