1. European Central Bank and the Federal Reserve System
... to maintain inflation rates close to 2% over the medium term. In order to fulfill the clearly defined mandate of maintaining price stability, the Treaty establishing the European Community (the "Treaty") accords the ESCB and, by implication, the Eurosystem a considerable degree of institutional independence, albeit supplemented by extensive obligations concerning transparency and accountability. On 13 October 1998 the Governing Council of the European Central Bank (ECB) announced the ECB's stability oriented monetary policy strategy to guide ... and an analytical framework based on two ...
- Word Count: 2990
- Approx Pages: 12
- Has Bibliography
- Grade Level: Undergraduate