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010   $a9786613829146
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035   $a(IMF)WPIEE2006154
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100   $a20020129d2006      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 14$aThe Maastricht Inflation Criterion : $eHow Unpleasant Is Purgatory? /$fAles Bulir, Jaromír Hurník
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (43 p.)
225 1 $aIMF Working Papers
300   $a"June 2006."
311   $a1-4518-6414-0 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. INFLATION IN THE EUROPEAN UNION""; ""III. HOW COSTLY CAN DISINFLATION BE AND WHY?""; ""IV. POLICY IMPLICATIONS""; ""V. CONCLUSIONS""; ""References""
330 3 $aThe Maastricht inflation criterion, designed in the early 1990s to bring "high-inflation" EU countries in line with "low-inflation" countries prior to the introduction of the euro, poses challenges for both new EU member countries and the European Central Bank. While the criterion has positively influenced the public stance toward low inflation, it has biased the choice of the disinflation strategy toward short-run, fiat measures-rather than adopting structural reforms with longer-term benefits-with unpleasant consequences for the efficiency of the eurozone transmission mechanism. The criterion is also unnecessarily tight for new member countries as it mainly reflects cyclical developments.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/154
606   $aDeflation (Finance)$zEuropean Union countries
606   $aInflation (Finance)$zEuropean Union countries
606   $aForeign Exchange$2imf
606   $aInflation$2imf
606   $aMacroeconomics$2imf
606   $aProduction and Operations Management$2imf
606   $aPrice Level$2imf
606   $aDeflation$2imf
606   $aMacroeconomics: Production$2imf
606   $aInstitutions and the Macroeconomy$2imf
606   $aCurrency$2imf
606   $aForeign exchange$2imf
606   $aDisinflation$2imf
606   $aOutput gap$2imf
606   $aExchange rates$2imf
606   $aStructural reforms$2imf
606   $aPrices$2imf
606   $aProduction$2imf
606   $aEconomic theory$2imf
607   $aEuropean Union countries$xEconomic conditions
607   $aEuropean Union countries$xEconomic policy
607   $aHungary$2imf
615  0$aDeflation (Finance)
615  0$aInflation (Finance)
615  7$aForeign Exchange
615  7$aInflation
615  7$aMacroeconomics
615  7$aProduction and Operations Management
615  7$aPrice Level
615  7$aDeflation
615  7$aMacroeconomics: Production
615  7$aInstitutions and the Macroeconomy
615  7$aCurrency
615  7$aForeign exchange
615  7$aDisinflation
615  7$aOutput gap
615  7$aExchange rates
615  7$aStructural reforms
615  7$aPrices
615  7$aProduction
615  7$aEconomic theory
700   $aBulir$b Ales$0862712
701   $aHurník$b Jaromír$01464143
712 02$aIMF Institute.
712 02$aInternational Monetary Fund.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788699803321
996   $aThe Maastricht Inflation Criterion$93673706
997   $aUNINA