Sunday, February 12, 2012

ECB's focus on price stablity is the wrong issue

I had to go though the European Central Bank (ECB) website for an issue. ECB link is here.

Found what I was looking for, the AWM model, but what I noticed was what was missing. There is nothing on unemployment. Sure they gather country employment, unemployment and population data, but other than some compilation reports, there is no mention of unemployment.

I guess they are happy with their niche.

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