Inflation Persistence and Optimal Monetary Policy in the Euro Area
نویسندگان
چکیده
منابع مشابه
Vii. Inflation Persistence in the Euro Area
Euro area inflation stubbornly above 2 per cent Headline inflation in the euro area has, on average, remained stubbornly above 2 per cent -the upper limit of the European Central Bank’s definition of medium-term price stability -for most of the period since mid-2000. This persistence may seem puzzling in the light of weakness in activity and is only partly explained by factors like oil and food...
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ژورنال
عنوان ژورنال: Journal of Money, Credit, and Banking
سال: 2006
ISSN: 1538-4616
DOI: 10.1353/mcb.2006.0038