Eurosystem Debts Do Matter

Dark Chocolate and Metabolic Syndrome; Do Polyphenols All that Matter?

Do Workers\' Remittances Matter for the Egyptian Economy?

Workers’ remittances constitute one of the most important sources of external finance for many developing countries. Although it shows a decreasing trend in recent years, Egypt after 1970s with her regular and massive labor migration to abroad has been still one of the gainer countries on remittances across the world. Empirical studies that implemented for various countries reveal workers’ ...

Union-wide Aggregates versus National Data Based Monetary Policies: Does It Matter for the Eurosystem?

Union-wide Aggregates versus National Data Based Monetary Policies: Does it Matter for the Eurosystem?* The effectiveness of alternative loss functions assigned to the common central bank of a monetary union is studied. The alternative policy objectives are a function of the degree of aggregation of decision variables. We consider, respectively, the policy based on the union-wide aggregates and...

EP 011 . tex What Is Wrong with the Eurosystem ’ s Money - Growth Indicator , and What Should the Eurosystem Do about It ? ¤ Lars

The primary objective of Eurosystem monetary policy is to maintain price stability, de…ned as an annual increase in the HICP below two percent. 1 Because of the lags in the e¤ects of monetary-policy actions on aggregate demand and in ‡ation, monetary-policy actions cannot a¤ect current in ‡ation and output, nor in ‡ation or output in the near future. A rough benchmark is that monetary policy a¤...

Monetary Policy Issues for the Eurosystem

The paper discusses the choice between in‡ation targeting and monetary targeting as a strategy for the Eurosystem, the actual strategy that the Eurosystem has recently announced, the framework for policy decisions appropriate for achieving the Eurosystem’s goals, the role of exchange rate management in the EMU, and the Eurosystem’s accountability and transparency. The choice between in‡ation ta...