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"The monetary policy of the European Central Bank is too conservative.” Discussion.

Mico, Apostolov (2005): "The monetary policy of the European Central Bank is too conservative.” Discussion. Published in:

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Abstract

1999 - European Central Bank (ECB) started enforcing the single monetary policy for the euro area. The Treaty of Maastricht constituted the European Union and monetary system of the European Union - Eurosystem with: “The primary objective of the ECB’s monetary policy is to maintain price stability. The ECB aims at inflation rates of below, but close to, 2% over the medium term.”

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