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- W3125793404 abstract "This paper is a brief evaluation of the Eurosystem's monetary-policy regime after its first year, in particular of the extent to which it is similar to inflation targeting as practiced by an increasing number of central banks. I examine the Eurosystem's goals, framework for monetary-policy decisions and communication with outsiders. Criteria for evaluation are whether the goals are unambiguous and appropriate; whether the decision framework is efficient in collecting and processing information and reaching decisions that are appropriate relative to the goals; and whether the communication is effective in motivating decisions, simplifying external evaluation and thereby improving transparency and accountability. I also consider whether the actual instrument setting has been appropriate, given the information available at the times of decision." @default.
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- W3125793404 date "2000-02-01" @default.
- W3125793404 modified "2023-09-25" @default.
- W3125793404 title "The First Year Of The Eurosystem: Inflation Targeting Or Not?" @default.
- W3125793404 hasPublicationYear "2000" @default.
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