Why Price Stability ?
نویسنده
چکیده
The Maastricht Treaty contains the following statutory mandate: “The primary objective of the ESCB shall to be to maintain price stability.“ But why attach such importance to price stability and what does “price stability” mean? The latter question contains an historical component, the former is of a theoretical nature. I will therefore deal with the “what” and the “why” of my theme in the following three sections:
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