Kamps, Christophe; Meier, Carsten-Patrick; Scheide, Joachim - 2000
. Nevertheless, monetary conditions in the euro area are still favorable. In 2000, real GDP is likely to increase by 3.2 percent … reached its normal level by now. Inflation picked up in the course of 1999 with rates between 1.5 and 2.0 percent, thus coming … has been higher than the rate implied by the rule. If this tendency continued, inflation would exceed 2 percent. In order …