Thoughts on a Review of the ECB’s Monetary Policy Strategy
Analiză aprofundată
15-11-2019
Time is ripe for a review of the ECB strategy: the economic context and the audience for communication have changed, and the tools for policy decisions and for analysing the environment have expanded. The definition of the inflation target, the two-pillar strategy and the use of “non-standard” policy measures need discussion. A change in the ECB mandate is also worth discussing for it would permit to evaluate the current strategy and mandate against an alternative. This document was provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs.
Analiză aprofundată
Autor extern
Christophe BLOT, Jérôme CREEL and Paul HUBERT