MTU Cork Library Catalogue

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Background studies for the ECB'S evaluation of its monetary policy strategy / edited by Otmar Issing ... [et al.].

Contributor(s): Issing, Otmar | European Central Bank.
Material type: materialTypeLabelBookPublisher: Frankfurt am Main : European Central Bank, 2003Description: 336 p. ; 25 cm. + hbk.ISBN: 9291814083.Subject(s): European Central Bank | Monetary policy -- European Union countries | Banks and banking, Central -- European Union countries | EuroDDC classification: 332.494
Contents:
Overview of the background studies for the evaluation of the ECB's monetary policy strategy -- Background studies related to the ECB's definition of price stability -- The definition of price stability: choosing a price measure / Gonzalo Camba-Mendez -- Definition of price stability, range and point inflation targets: The anchoring of long-term inflation expectations / Efrem Castelnuovo, Sergio Nicoletti-Altimari and Diego Rodriguez Palenzuela -- Relevant economic issues concerning the optimal rate of inflation / Gonzalo Camba-Mendez, Juan Angel Garcia and Diego Rodriguez Palenzuela -- Downward nominal wage rigidity and the long-run Phillips curve: Simulation-based evidence for the euro area / Gunter Coenen -- Zero lower bound: Is it a problem in the euro area? / Gunter Coenen -- Inflation targets and the liquidity trap / Matt Klaeffling and Victor Lopez Perez -- Background studies related to the two pillars of the ECB's monetary policy strategy and the role of money -- The role of money in monetary policy making / Klaus Masuch, Sergio Nicoletti-Altimari, Huw Pill and Massimo Rostagno -- Why has broad money demand been more stable in the euro area than in other economies? A literature review / Alessandro Calza and Joao Sousa -- Is the demand for euro area M3 stable? / Annick Bruggeman, Paola Donati and Anders Warne -- Forecasting real GDP: What role for narrow money? / Claus Brand, Hans-Eggert Reimers and Franz Seitz.

Includes bibliographical references.

Overview of the background studies for the evaluation of the ECB's monetary policy strategy -- Background studies related to the ECB's definition of price stability -- The definition of price stability: choosing a price measure / Gonzalo Camba-Mendez -- Definition of price stability, range and point inflation targets: The anchoring of long-term inflation expectations / Efrem Castelnuovo, Sergio Nicoletti-Altimari and Diego Rodriguez Palenzuela -- Relevant economic issues concerning the optimal rate of inflation / Gonzalo Camba-Mendez, Juan Angel Garcia and Diego Rodriguez Palenzuela -- Downward nominal wage rigidity and the long-run Phillips curve: Simulation-based evidence for the euro area / Gunter Coenen -- Zero lower bound: Is it a problem in the euro area? / Gunter Coenen -- Inflation targets and the liquidity trap / Matt Klaeffling and Victor Lopez Perez -- Background studies related to the two pillars of the ECB's monetary policy strategy and the role of money -- The role of money in monetary policy making / Klaus Masuch, Sergio Nicoletti-Altimari, Huw Pill and Massimo Rostagno -- Why has broad money demand been more stable in the euro area than in other economies? A literature review / Alessandro Calza and Joao Sousa -- Is the demand for euro area M3 stable? / Annick Bruggeman, Paola Donati and Anders Warne -- Forecasting real GDP: What role for narrow money? / Claus Brand, Hans-Eggert Reimers and Franz Seitz.

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