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Theoretical and Applied Economics
No. 9 / 2008 (526)

Controversies on the Central Bank Main Objective of Price Stability

Vasile Cocris
Bogdan Cãpraru
„Al.I. Cuza” University, Iasi

Abstract. In the present study we propose a critical approach to the concept of price stability. In the beginning we have considered a literature review regarding price stability issues. After that we have discussed about its implications in central banking and economy. Also, according to the statutes of 128 countries, we have done a statistical study of central banks in the light of the chosen statutory objective.

Keywords: price stability; central bank; final objective; implications; monetary policy.

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