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The Monetary Policy Strategy of EMU

In: Monetary Integration in Europe

Author

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  • Horst Tomann

Abstract

In this lecture, we analyse how the European monetary policy works. First, we briefly look at theory to understand how monetary impulses are transmitted and how they affect, the economy. Second, we discuss different monetary policy concepts that are derived from theory and that provide indicators for orientation. Finally, against this background, we try to evaluate the monetary policy strategy of the Eurosystem.

Suggested Citation

  • Horst Tomann, 2007. "The Monetary Policy Strategy of EMU," Studies in Economic Transition, in: Monetary Integration in Europe, chapter 0, pages 49-74, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-0-230-28862-1_4
    DOI: 10.1057/9780230288621_4
    as

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