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"Institutional Overburdening" to a large extent was a consequence of the "Great Moderation". This term indicates that it was a period in which inflation had come down from rather high levels. Growth and employment were at least satisfying and variability of output had substantially declined. It...
Persistent link: https://www.econbiz.de/10011540869
This Policy White Paper assesses several main elements of ECB's upcoming review of its monetary policy strategy …, announced in January 2020. Four aspects of the review are discussed in detail: i) ECB's definition of price stability and the … arguments for and against inflation targeting; ii) the scope of ECB's objectives, considering financial stability, employment …
Persistent link: https://www.econbiz.de/10012223712
changed from pure discretion after World War II to transparency and independence. I furthermore analyze how the exchange rate …. Finally, after arguing that the ECB's monetary policy which fruitfully combines past experience and current research is a …
Persistent link: https://www.econbiz.de/10011596989
"Institutional Overburdening" to a large extent was a consequence of the "Great Moderation". This term indicates that it was a period in which inflation had come down from rather high levels. Growth and employment were at least satisfying and variability of output had substantially declined. It...
Persistent link: https://www.econbiz.de/10011541041
changed from pure discretion after World War II to transparency and independence. I furthermore analyze how the exchange rate …. Finally, after arguing that the ECB’s monetary policy which fruitfully combines past experience and current research is a …
Persistent link: https://www.econbiz.de/10008509645
This Policy White Paper assesses several main elements of ECB's upcoming review of its monetary policy strategy …, announced in January 2020. Four aspects of the review are discussed in detail: i) ECB's definition of price stability and the … arguments for and against inflation targeting; ii) the scope of ECB's objectives, considering financial stability, employment …
Persistent link: https://www.econbiz.de/10012224930