The price stability oriented monetary policy of the European Central Bank
DOI:
https://doi.org/10.2478/v10103-009-0035-2Abstract
The aim of this paper is to present the price stability oriented monetary policy of the European Central Bank. The European Central Bank began activities in 1998 and the primary objective of the European System of Central Banks is to maintain price stability and the ESCB should also support the general economic policies in the Community. Monetary policy is a special tool that national governments and central banks uses to influence on its economy, especially to control the supply of money and to influence on the level of economic indicators. This paper investigates the assumed objective of the European System of Central Banks which is to maintain price stability. What is more, we would like to present the monetary policy strategy of the European Central Bank and analysis of the Harmonized Index of Consumer Prices.
Downloads
References
Andrade J. S. (2009), The PIGS, does the Group Exist? An empirical macroeconomic analysis based on the Okun Law, Faculdade de Economia da Universidade de Coimbra
Angeloni I., Aucremanne L., Ciccarelli M. (2006), Price setting and inflation persistence. Did EMU matter?, ECB Working Paper Series
Baka W. (1998), Bankowość centralna: funkcje, metody, organizacja, Biblioteka Menedżera i Bankowca, Warszawa
Borowiec J. (2001), Unia ekonomiczna i monetarna. Historia, podstawy teoretyczne, polityka, Wydawnictwo Akademii Ekonomicznej im. Oskara Langego, Wrocław
De Haan J., Eijffinger S., Waller S. (2005), The European Central Bank. Credibility, transparency, and centralization, Massachusetts Institute of Technology
Gawlikowska-Hueckel K., Zielińska-Głębocka A. (2004), Integracja europejska. Od jednolitego rynku do unii walutowej, Wydawnictwo C. H. Beck, Warszawa
Kołodziejczyk K. (2000), Geneza wspólnotowej waluty euro, Wydawnictwo Naukowe Scholar, Warszawa
NBP (2009), Raport na temat pełnego uczestnictwa Rzeczpospolitej Polskiej w trzecim etapie Unii Gospodarczej i Walutowej, Warszawa
The Central Bank of Nigeria (2010) www.cenbank.org/OUT/EduSeries/Series9.pdf
The European Central Bank (2010) www.ecb.int
The European Commission (2008), EMU@10. Successes and challenges after 10 years of Economic and Monetary Union, European Economy
Wyplosz C. (2006), European monetary union. The dark sides of a major success, Economic Policy, CERP
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
How to Cite
