PRICE STABILITY - A MAIN OBJECTIVE OF EUROPEAN MONETARY POLICY
According to Article 127 of the Treaty on the Functioning of the European Union, the main objective of the European System of Central Banks is to maintain price stability. Through a monetary policy strategy, the Governing Council aims to stabilize inflation to the lowest level, below 2% in the mediu...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Alexandru Ioan Cuza University of Iasi
2019-12-01
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| Series: | EURINT |
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| Online Access: | http://cse.uaic.ro/eurint/proceedings/index_htm_files/EURINT_2019_AUR.pdf |
| _version_ | 1818127131035566080 |
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| author | Tudor Mugurel AURSULESEI Liviu-George MAHA |
| author_facet | Tudor Mugurel AURSULESEI Liviu-George MAHA |
| author_sort | Tudor Mugurel AURSULESEI |
| collection | DOAJ |
| description | According to Article 127 of the Treaty on the Functioning of the European Union, the main objective of the European System of Central Banks is to maintain price stability. Through a monetary policy strategy, the Governing Council aims to stabilize inflation to the lowest level, below 2% in the medium term. The EU Member States have assumed the transposition of monetary policy into national policy and compliance with the inflation threshold. However, the implementation of European policies lies with the political decision-makers of each state, who most often place their interests above the interests of the Union. The research aims to analyse how the states have implemented European monetary policy. Monetary policy imposed an annual inflation rate of maximum 2%. In 2018, only 12 of the 19 European Monetary Union Member States managed to maintain the inflation rate below 2%. |
| first_indexed | 2024-12-11T07:12:28Z |
| format | Article |
| id | doaj.art-5a1943aaaa954e62a74a3a8e5d9ca6fa |
| institution | Directory Open Access Journal |
| issn | 2393-2384 |
| language | English |
| last_indexed | 2024-12-11T07:12:28Z |
| publishDate | 2019-12-01 |
| publisher | Alexandru Ioan Cuza University of Iasi |
| record_format | Article |
| series | EURINT |
| spelling | doaj.art-5a1943aaaa954e62a74a3a8e5d9ca6fa2022-12-22T01:16:18ZengAlexandru Ioan Cuza University of IasiEURINT2393-23842019-12-01615574PRICE STABILITY - A MAIN OBJECTIVE OF EUROPEAN MONETARY POLICYTudor Mugurel AURSULESEI0Liviu-George MAHA1Alexandru Ioan Cuza University of Iasi, RomaniaAlexandru Ioan Cuza University of Iasi, RomaniaAccording to Article 127 of the Treaty on the Functioning of the European Union, the main objective of the European System of Central Banks is to maintain price stability. Through a monetary policy strategy, the Governing Council aims to stabilize inflation to the lowest level, below 2% in the medium term. The EU Member States have assumed the transposition of monetary policy into national policy and compliance with the inflation threshold. However, the implementation of European policies lies with the political decision-makers of each state, who most often place their interests above the interests of the Union. The research aims to analyse how the states have implemented European monetary policy. Monetary policy imposed an annual inflation rate of maximum 2%. In 2018, only 12 of the 19 European Monetary Union Member States managed to maintain the inflation rate below 2%.http://cse.uaic.ro/eurint/proceedings/index_htm_files/EURINT_2019_AUR.pdfeurozoneinflation rateeuropean monetary policymaastricht treaty |
| spellingShingle | Tudor Mugurel AURSULESEI Liviu-George MAHA PRICE STABILITY - A MAIN OBJECTIVE OF EUROPEAN MONETARY POLICY EURINT eurozone inflation rate european monetary policy maastricht treaty |
| title | PRICE STABILITY - A MAIN OBJECTIVE OF EUROPEAN MONETARY POLICY |
| title_full | PRICE STABILITY - A MAIN OBJECTIVE OF EUROPEAN MONETARY POLICY |
| title_fullStr | PRICE STABILITY - A MAIN OBJECTIVE OF EUROPEAN MONETARY POLICY |
| title_full_unstemmed | PRICE STABILITY - A MAIN OBJECTIVE OF EUROPEAN MONETARY POLICY |
| title_short | PRICE STABILITY - A MAIN OBJECTIVE OF EUROPEAN MONETARY POLICY |
| title_sort | price stability a main objective of european monetary policy |
| topic | eurozone inflation rate european monetary policy maastricht treaty |
| url | http://cse.uaic.ro/eurint/proceedings/index_htm_files/EURINT_2019_AUR.pdf |
| work_keys_str_mv | AT tudormugurelaursulesei pricestabilityamainobjectiveofeuropeanmonetarypolicy AT liviugeorgemaha pricestabilityamainobjectiveofeuropeanmonetarypolicy |