Optimal monetary policy and Phillips curves: the ECB targets in a complex scenario
Russo, Filippo (A.A. 2022/2023) Optimal monetary policy and Phillips curves: the ECB targets in a complex scenario. Tesi di Laurea in Macroeconomia e politica economica, Luiss Guido Carli, relatore Alberto Cagnazzo, pp. 45. [Bachelor's Degree Thesis]
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Abstract/Index
Literature review. Optimal monetary policy and right accompanying institutional tools to avoid economic doom loops. The measures of adaptation to the complexity. How to measure the success of the Eurosystem in adapting to the complexity. How the analysis is carried out in the present work. The pitfalls in the 20th century European monetary systems. The reasons national credit institutes were born are much different from their current mission. The zero-sum effects in interrelated systems: need for symmetry and coordination. The incapacity of countries such as Italy and France to tackle inflation before the birth of EMU: too many goals with few instruments. How ECB's role has been carried out throughout the last 20 years. The lack of coherency in the macroeconomics of the Eurozone, born as a weak currency area. The lack of coherence as an institutional problem. Not all stages are a smooth consequence of the previous, the adaptation to complexity is tough and has a spiral way. How to prove the symbiotic adaptation to the complexity. Data observation. Estimation of the Phillips curve slope. Data interpretation.
References
Bibliografia: pp. 41-44.
Thesis Type: | Bachelor's Degree Thesis |
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Institution: | Luiss Guido Carli |
Degree Program: | Bachelor's Degree Programs > Bachelor's Degree Program in Economics and Management (L-18) |
Chair: | Macroeconomia e politica economica |
Thesis Supervisor: | Cagnazzo, Alberto |
Academic Year: | 2022/2023 |
Session: | Summer |
Deposited by: | Alessandro Perfetti |
Date Deposited: | 26 Oct 2023 13:24 |
Last Modified: | 26 Oct 2023 13:24 |
URI: | https://tesi.luiss.it/id/eprint/36755 |
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