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The official view on ECB monetary policy claims that monetary decisions are based solely on average data for the euro zone and that diverging regional developments are disregarded. However, experience from other two tier central banks and theoretical considerations suggest that this official...
Persistent link: https://www.econbiz.de/10010297739
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The official view on ECB monetary policy claims that monetary decisions are based solely on average data for the euro zone and that diverging regional developments are disregarded. However, experience from other two tier central banks and theoretical considerations suggest that this official...
Persistent link: https://www.econbiz.de/10011447829
Persistent link: https://www.econbiz.de/10002193905
Persistent link: https://www.econbiz.de/10003801155
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The official view on ECB monetary policy claims that monetary decisions are based solely on average data for the euro zone and that diverging regional developments are disregarded. However, experience from other two tier central banks and theoretical considerations suggest that this official...
Persistent link: https://www.econbiz.de/10014090225
Persistent link: https://www.econbiz.de/10014229477
Persistent link: https://www.econbiz.de/10013428511
The possible short-run trade-off between the inflation (gap) and the output (gap) remains a critical policy issue for any emerging economy; particularly when an implicit or an explicit inflation targeting monetary policy is considered. The New Keynesian Phillips Curve (NKPC) has recently set up...
Persistent link: https://www.econbiz.de/10011310240