Boss, Alfred; Gern, Klaus-Jürgen; Meier, Klaus-Jürgen; … - Institut für Weltwirtschaft (IfW) - 1999
Since the fall of last year, EMU countries have experienced a slowdown in economic activity triggered by a deceleration … higher than the reference value announced by the ECB (4.5 percent); narrow money has expanded twice as fast as M3. In … the slowdown in the economy is only of temporary nature, the ECB will not loosen its policy further but keep its key …