Above, but close to two percent. Evidence on the ECB’s inflation target using text mining

Due to its official mandate, the European Central Bank (ECB) is assumed to maximize an implied objective function that leads it to pursue inflation with a subordinate focus on supporting the general economic policy of the European Union. This objective is – by its very nature – difficult to quantify...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 46-2020)
Main Author: Zahner, Johannes
Format: Article
Language:English
Published: Philipps-Universität Marburg 2020
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MAGKS - Joint Discussion Paper Series in Economics