Kieler, Mads - International Monetary Fund (IMF) - 2003
-term inflation has encumbered the communication of monetary policy; and (3) a target toward the upper end of the ECB's price …The ECB's objective of medium-term inflation below 2 percent has been portrayed by critics as ambiguous, asymmetric …-stability range would seem, at least with the current membership of EMU, to strike a judicious balance between the benefits of price …