search query: @indexterm European Central Bank / total: 19
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| Author: | Surico, P. |
| Title: | The monetary policy of the European Central Bank |
| Journal: | Scandinavian Journal of Economics
2007 : VOL. 109:1, p. 115-135 |
| Index terms: | european central bank inflation monetary policy |
| Language: | eng |
| Abstract: | This article examines the first six years of ECB (European Central Bank) monetary policy by using a general framework that allows central bankers to weight differently positive and negative deviations of inflation, out put and the interest rate from their reference values. The empirical analysis suggests that the objective of price stability is symmetric but the objectives of real activity and interest-rate stabilization are not. |
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