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Monetary policy in the euro area :strategy and decision making at the European Central Bank /

Record Type:	Language materials, printed : Monograph/item
[NT 15000414]:	332.4/94
Title/Author:	Monetary policy in the euro area : : strategy and decision making at the European Central Bank // Otmar Issing [and others].
Author:	Issing, Otmar,
Description:	1 online resource (x, 199 pages) : : digital, PDF file(s).
Notes:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Subject:	Monetary policy - Europe.
ISBN:	9780511492457 (ebook)
[NT 15000229]:	How and for whose benefit the European Central Bank (ECB) will work is the most important issue facing Europe, and has been the subject of vast media and academic interest which has already spawned a vast literature of discussion papers in the academic literature, and 'Euro Watch' features. Much of this discussion has been of an increasingly hysterical and political nature and has served to blur rather than inform. This book, written by a team at the ECB, including Otmar Issing the ECB's Chief Economist, provides the first comprehensive, inside, non-technical analysis of the monetary policy strategy, institutional features and operational procedures of the Eurosystem. The goals and the transmission mechanism of monetary policy are explored, as are the theoretical and empirical results underpinning the 'stability-oriented monetary policy strategy' adopted by the ECB. The characteristics of this strategy are also discussed in comparison with suggested alternatives.
Online resource:	http://dx.doi.org/10.1017/CBO9780511492457

Monetary policy in the euro area :strategy and decision making at the European Central Bank /
Issing, Otmar,

Monetary policy in the euro area :strategy and decision making at the European Central Bank /Otmar Issing [and others]. - 1 online resource (x, 199 pages) :digital, PDF file(s).

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Money, output and prices: the scope of monetary policy --1.

How and for whose benefit the European Central Bank (ECB) will work is the most important issue facing Europe, and has been the subject of vast media and academic interest which has already spawned a vast literature of discussion papers in the academic literature, and 'Euro Watch' features. Much of this discussion has been of an increasingly hysterical and political nature and has served to blur rather than inform. This book, written by a team at the ECB, including Otmar Issing the ECB's Chief Economist, provides the first comprehensive, inside, non-technical analysis of the monetary policy strategy, institutional features and operational procedures of the Eurosystem. The goals and the transmission mechanism of monetary policy are explored, as are the theoretical and empirical results underpinning the 'stability-oriented monetary policy strategy' adopted by the ECB. The characteristics of this strategy are also discussed in comparison with suggested alternatives.

ISBN: 9780511492457 (ebook)Subjects--Corporate Names:

374390
European Central Bank.
Subjects--Topical Terms:

434029
Monetary policy
--Europe.

LC Class. No.: HG925 / .I77 2001

Dewey Class. No.: 332.4/94

Monetary policy in the euro area :strategy and decision making at the European Central Bank /
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505 0 0 $g 1. $t Money, output and prices: the scope of monetary policy -- $g 2. $t Monetary policy making: strategies and rules -- $g 3. $t The euro area: an overview -- $g 4. $t The ECB strategy: defining price stability -- $g 5. $t The role of money -- $g 6. $t A broadly based assessment -- $g 7. $t The ECB strategy: an overall view -- $g 8. $t The operational framework -- $g 9. $t Accountability and transparency -- $g 10. $t The single monetary policy in 1999 -- $g App. $t Excerpts from ECB external communications to the press.
520 $a How and for whose benefit the European Central Bank (ECB) will work is the most important issue facing Europe, and has been the subject of vast media and academic interest which has already spawned a vast literature of discussion papers in the academic literature, and 'Euro Watch' features. Much of this discussion has been of an increasingly hysterical and political nature and has served to blur rather than inform. This book, written by a team at the ECB, including Otmar Issing the ECB's Chief Economist, provides the first comprehensive, inside, non-technical analysis of the monetary policy strategy, institutional features and operational procedures of the Eurosystem. The goals and the transmission mechanism of monetary policy are explored, as are the theoretical and empirical results underpinning the 'stability-oriented monetary policy strategy' adopted by the ECB. The characteristics of this strategy are also discussed in comparison with suggested alternatives.
610 2 0 $a European Central Bank. $3 374390
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856 4 0 $u http://dx.doi.org/10.1017/CBO9780511492457