Monetary and Exchange Rate Policies of the Euro Area : Selected Issues.
This paper examines monetary and exchange rate policies of the euro area. The paper reviews the European Central Bank's definition of price stability, and examines the factors determining 'the optimal rate of inflation' in the euro area. It reviews the benefits of price stability, inc...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2002.
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| Series: | IMF Staff Country Reports; Country Report ;
No. 2002/236 |
| Online Access: | Full text available on IMF |
| Summary: | This paper examines monetary and exchange rate policies of the euro area. The paper reviews the European Central Bank's definition of price stability, and examines the factors determining 'the optimal rate of inflation' in the euro area. It reviews the benefits of price stability, including the reduction in the distortions of savings and investment behavior that stem from the interaction between nominal tax systems and inflation. It then goes on to evaluate arguments for maintaining a small positive inflation rate in the context of the euro area. |
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| Item Description: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Physical Description: | 1 online resource (120 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1934-7685 |
| Access: | Electronic access restricted to authorized BRAC University faculty, staff and students |