Verfügbarkeit: The Maastricht Inflation Criterion

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...

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1. Verfasser:	Bulir, Ales (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2006
Schriftenreihe:	IMF Working Papers Working Paper No. 06/154
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	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
Beschreibung:	1 Online-Ressource (43 p)
ISBN:	1451864140 9781451864144

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spelling	Bulir, Ales Verfasser aut The Maastricht Inflation Criterion How Unpleasant is Purgatory? Bulir, Ales Washington, D.C International Monetary Fund 2006 1 Online-Ressource (43 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 06/154 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 Online-Ausg Hurník, Jaromír Sonstige oth http://elibrary.imf.org/view/IMF001/07140-9781451864144/07140-9781451864144/07140-9781451864144.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Bulir, Ales The Maastricht Inflation Criterion How Unpleasant is Purgatory?
title	The Maastricht Inflation Criterion How Unpleasant is Purgatory?
title_auth	The Maastricht Inflation Criterion How Unpleasant is Purgatory?
title_exact_search	The Maastricht Inflation Criterion How Unpleasant is Purgatory?
title_exact_search_txtP	The Maastricht Inflation Criterion How Unpleasant is Purgatory?
title_full	The Maastricht Inflation Criterion How Unpleasant is Purgatory? Bulir, Ales
title_fullStr	The Maastricht Inflation Criterion How Unpleasant is Purgatory? Bulir, Ales
title_full_unstemmed	The Maastricht Inflation Criterion How Unpleasant is Purgatory? Bulir, Ales
title_short	The Maastricht Inflation Criterion
title_sort	the maastricht inflation criterion how unpleasant is purgatory
title_sub	How Unpleasant is Purgatory?
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work_keys_str_mv	AT bulirales themaastrichtinflationcriterionhowunpleasantispurgatory AT hurnikjaromir themaastrichtinflationcriterionhowunpleasantispurgatory

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