Economics, Econometrics and Finance
4 years ago

European Central Bank maintains price stability, faces challenge of national responsibilities.

2 views
Palgrave Macmillan UK eBooks
European Central Bank and Monetary Policy in the Euro Area
Ví­tor Gaspar, Otmar Issing

Paper Summary

The European Central Bank (ECB) has been in charge of monetary policy in the euro area since 1999. Their main goal is to keep prices stable in the medium term. The ECB is independent and has been successful in this goal, keeping inflation expectations steady. The euro is now a widely used currency and a symbol of European unity. However, during the financial crises of 2007-2011, tensions arose between the ECB's single monetary policy and individual countries' economic policies. This remains a key challenge for the future.

Related papers

Economics, Econometrics and Finance
4 years ago

Inflation targeting fails to lower inflation rates, study finds.

International Finance
Macroeconomic Trends
Macroeconomic Analysis
2 views
Economics, Econometrics and Finance
4 years ago

European Central Bank gears up to combat inflation in the Euro area.

Eurozone Crisis
2 views
Economics, Econometrics and Finance
4 years ago

Inflation targeting gives central banks more flexibility in achieving goals.

Macroeconomic Analysis
International Finance
Economic Governance
2 views