Series: IMF Policy Discussion Papers
Author(s): Ramana Ramaswamy
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 1997
Keywords: European Central Bank, Monetary policy, Inflation, EMU, Inflation targeting, Monetary targeting, monetary union
This paper discusses how the size of the monetary union in Europe can influence the choice of the monetary framework. The main conjecture is that the European Central Bank ought to target inflation if monetary unio...