The Maastricht Inflation Criterion : How Unpleasant Is Purgatory? /

The Maastricht inflation criterion, designed in the early 1990s to bring "high-inflation" EU countries in line with "low-inflation" countries prior to the introduction of the euro, poses challenges for both new EU member countries and the European Central Bank. While the criterio...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Bulir, Ales
Awduron Eraill: Hurnik, Jaromir
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2006.
Cyfres:IMF Working Papers; Working Paper ; No. 2006/154
Mynediad Ar-lein:Full text available on IMF
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100 1 |a Bulir, Ales. 
245 1 4 |a The Maastricht Inflation Criterion :   |b How Unpleasant Is Purgatory? /  |c Ales Bulir, Jaromir Hurnik. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2006. 
300 |a 1 online resource (43 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The Maastricht inflation criterion, designed in the early 1990s to bring "high-inflation" EU countries in line with "low-inflation" countries prior to the introduction of the euro, poses challenges for both new EU member countries and the European Central Bank. While the criterion has positively influenced the public stance toward low inflation, it has biased the choice of the disinflation strategy toward short-run, fiat measures-rather than adopting structural reforms with longer-term benefits-with unpleasant consequences for the efficiency of the eurozone transmission mechanism. The criterion is also unnecessarily tight for new member countries as it mainly reflects cyclical developments. 
538 |a Mode of access: Internet 
700 1 |a Hurnik, Jaromir. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2006/154 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2006/154/001.2006.issue-154-en.xml  |z IMF e-Library