- Author
- Masuch Klaus, Brand Claus
- Title
- The ECB's Monetary Policy and its Relation to Fiscal Policy
Polityka pieniężna EBC i jej związki z polityką fiskalną - Source
- Bank i Kredyt, 2002, nr 11-12, s. 236-244, przypisy
- Keyword
- Polityka pieniężna Europejskiego Banku Centralnego, Polityka budżetowa, Polityka pieniężna, Materiały konferencyjne
Monetary Policy of the ECB, Budgetary policy, Monetary policy, Conference materials - Note
- Materiały z konferencji naukowej NBP pt. "Reformy strukturalne a polityka pieniężna", która odbyła się w Falentach w dniach 24-25 października 2002 r.
- Abstract
- In my speech today I should like to first elaborate on the particular approach chosen by the ECB regarding some key aspects and principles underlying the conduct of monetary policy. In the second part I will present our views regarding the relation of monetary and fiscal policy. Before, let me briefly outline the main features of the macro-economic institutional framework in the euro area. These are designed to ensure stable prices, sound public finances and welfare improving structural policies, based on a clear allocation of responsibilities and instruments to different policy makers. The Treaty establishing the European Community has assigned the ECB the mandate to maintain price stability and guarantees a high degree of independence in pursuing that mandate. In addition, the Treaty supports the credibility of stable prices by prohibiting the monetary financing of public deficits and mandating that excessive deficits are to be avoided. (fragment of text)
- Accessibility
- The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics - Cited by
- ISSN
- 0137-5520
- Language
- eng
