Publication
2000
This paper discusses what policy objectives should a common central bank in a heterogeneous monetary union pursue. It elaborates whether the bank should base its decisions on the EU-wide average of inflation and growth or if it should instead focus on (appropriately weighted) national welfare losses tied to national rates of inflation and growth.
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English (PDF, 19 pages, 91 KB) |
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Author | Daniel Gros, Carsten Hefeker |
Series | CEPS Working Documents |
Issue | 149 |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2000 Centre for European Policy Studies (CEPS) |