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European monetary policy: Institutional design and policy experience

✍ Scribed by Bernd Hayo

Publisher
Springer-Verlag
Year
2003
Tongue
English
Weight
945 KB
Volume
38
Category
Article
ISSN
0020-5346

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If the European Central Bank (ECB) adopts the proposals of the European Monetary Institute, the formulation of monetary policy for the euro area will be centralized but its implementation will be decentralized. The ECB will probably employ both inflation and monetary targets and use policy instrumen