Series: Working Papers. 9425.
Author: Charles Goodhart and Jose Viñals.
Topics: Exchange rates | Monetary policy | European Union | Governance | Financial institutions, Banks.
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Abstract
The paper discusses the way in which the strategy and tactics of monetary policy are being articulated at present in Europe and other countries in a context where price stability has become the primary objective of monetary policy and where an increasing number of central banks are being given increasing autonomy to pursue this goal.