期刊名称：Finante - provocarile viitorului (Finance - Challenges of the Future)
印刷版ISSN：1583-3712
出版年度：2009
卷号：1
期号：9
页码：168-173
出版社：University of Craiova, Faculty of Economics and Business Administration
摘要：The European Central Bank (ECB) and the National Central Banks (NCB) together constitute the Eurosystem, the central banking system of the euro area. The main objective of the Eurosystem is to maintain price stability: safeguarding the value of the euro. The scope of the European Central Bank monetary policy is in the first place the long neutrality of money: this underlines all standard macroeconomic thinking; real income or the level of employment are in the long term essentially determined by real factors such as: technology, population growth or the preferences of economic agents. Another very important scope of monetary policy is the view that inflation is a monetary phenomenon: prolonged periods of high inflation are typically associated with high monetary growth. While other factors such as variation in aggregate demand, technological changes or commodity price shocks can influence price developments over shorter horizons, over time their effects can be offset by a change in monetary policy.
关键词：monetary policy; euro area; banking system; price stability
