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Price Stability, Inflation and Central Banks

P/E/448. Price stability: pros and cons

WORDS:
2000
DATE:
2006
PRICE:
29.99 GBP

The paper examines the issues of inflation and price stability reviewing related academic literature and discussing the strategy of stability-oriented monetary policy introduced by the European Central Bank (ECB). The advantages and disadvantages of price stability are outlined.

 

KEYWORDS: Price stability, inflation, European Central Bank, ECB, monetary policy,