This paper seeks to investigate a new definition for architecture by unifying the three Vitruvian principles of firmitas, utilities, and venustas via a phenomenological approach in the interpretation and analysis of their role in defining architecture. The paper is composed in two main sections. The first section investigates the nature of architecture based on the mentioned principles, where a...

The Eurosystem’s definition of price stability, “HICP increases below 2%,” is ambiguous and asymmetric, and less effective as an anchor for inflation expectations than a point inflation target. A speech of Otmar Issing’s in Milan, June 2002, can be interpreted as a modification of the definition as “HICP inflation of 1—2%.” This would make the definition of price stability unambiguous and symme...