Orientation, single-objective (exclusive orientation)

The central bank’s monetary policy is geared to a single objective, such as maintaining price stability at the ECB. – The central bank’s monetary policy is to be guided without restrictions by a theoretically unambiguous prescription (verifiable scientific specification), solely by a formula that is as strict as possible (unique formula), such as the growth of M3 only. – See analysis, monetary, adjustment policy, central banking, key data, macroeconomic, monetary policy without money, inflation Tageting, business cycle policy, price level control, two-pillar principle.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/