When your best just isn't good enough : the European Central Bank and purchasing power in the Euro-area

Kyosev, D. (2008) When your best just isn't good enough : the European Central Bank and purchasing power in the Euro-area.

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Abstract:This paper asks rather simply what of the actions of the European Central Bank in the period July 2007 - June 2008 have addressed purchasing power in positive manner. The answer this paper derives to is cone'' The paper identifies three melds of go-relation between purchasing power and monetary policy - namely inflation, exchange rates and credit availability. Flirter the paper defies 5 indicators to describe the changes of purchasing power in relation to monetary policy. Analysis of the European Central Bank monetary policy follows. The money market tensions in the period are adequately addressed, but there is no actions enforcing the bank credibility as inflation deterrent. Based on that and the lethargic monetary policy in the period the paper uses it theoretical framework to make a prediction about the identified indicators. The predictions correspond rather well with the empirical (bad, hence leading to the conclusion.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:88 social and public administration
Programme:Public Administration MSc (60020)
Link to this item:http://purl.utwente.nl/essays/58989
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