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Monetary Policy in the Euro Area

Monetary Policy in the Euro Area : Strategy and Decision-Making at the European Central Bank. ユーロ地域の通貨政策-欧州中央銀行の戦略と意思決定-

・ISBN 978-0-521-78324-8 hard GB£ 105.00

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・ISBN 978-0-521-78888-5 paper GB£ 34.00

¥10,771.- (税込) (※)価格はご注文時の参考価格となります。
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電子版あり 大学・学術機関向け電子ブック(eBook)ISBN 978-0-511-49245-7

著者・編者Issing, Otmar / Gaspar, V. / Angeloni, I. et al.,
出版社(Cambridge U. Pr., UK)
出版年月2001
ページ数208 pp.
言語ENG
ニュース番号<476-266 480-298>

解説

How and for whose benefit the European Central Bank (ECB) will work is the most important issue facing Europe, and has been the subject of vast media and academic interest which has already spawned a vast literature of discussion papers in the academic literature, and 'Euro Watch' features. Much of this discussion has been of an increasingly hysterical and political nature and has served to blur rather than inform. This book, written by a team at the ECB, including Otmar Issing the ECB's Chief Economist, provides the first comprehensive, inside, non-technical analysis of the monetary policy strategy, institutional features and operational procedures of the Eurosystem. The goals and the transmission mechanism of monetary policy are explored, as are the theoretical and empirical results underpinning the 'stability-oriented monetary policy strategy' adopted by the ECB. The characteristics of this strategy are also discussed in comparison with suggested alternatives.