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The Maastricht inflation criterion : how unpleasant is purgatory? /
The Maastricht inflation criterion, designed in the early 1990s to bring "high-inflation" EU countries in line with "low-inflation" countries prior to the introduction of the euro, poses challenges for both new EU member countries and the European Central Bank. While the criterio...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Autores Corporativos: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund, IMF Institute,
©2006.
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| Colección: | IMF working paper ;
WP/06/154. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | The Maastricht inflation criterion, designed in the early 1990s to bring "high-inflation" EU countries in line with "low-inflation" countries prior to the introduction of the euro, poses challenges for both new EU member countries and the European Central Bank. While the criterion has positively influenced the public stance toward low inflation, it has biased the choice of the disinflation strategy toward short-run, fiat measures-rather than adopting structural reforms with longer-term benefits-with unpleasant consequences for the efficiency of the eurozone transmission mechanism. The criterion is also unnecessarily tight for new member countries as it mainly reflects cyclical developments |
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| Notas: | "June 2006." |
| Descripción Física: | 1 online resource (41 pages) : illustrations |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 1283516691 9781283516693 9781451909203 1451909209 1462366953 9781462366958 1452708770 9781452708775 9786613829146 6613829145 |
| ISSN: | 2227-8885 ; |