Hein, Eckhard; Truger, Achim - 2006
area. In the present paper we focus on the particular role of monetary policy, because the European Central Bank (ECB … fiscal policies are taken into account at the outset, but then the determinants of ECB policies are assessed in more detail …. Our analysis confirms that it is the ECB's overemphasising a too low inflation target which is a major problem for …