Monitoring the European Central Bank 3

BOOK - The Centre for Economic and Policy Research has published the third in its series of books monitoring the European Central Bank titled "Defining a Macroeconomic Framework for the Euro Area". It is co-authored by Alberto Alesina, Olivier Blanchard, Jordi Gali, Francesco Giavazzi and Harald Uhlig.

Although the authors commend the ECB on its decision to begin publishing inflation projections, they go on to make the extraordinary suggestion that the ECB should also publish an interest rate

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