Strategy and tactics of monetary policy: Examples from Europe and the Antipodes

Series: Working Papers. 9425.

Author: Charles Goodhart and Jose Viñals

Exchange rates

• Monetary policy
• European Union
• Governance

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Strategy and tactics of monetary policy: Examples from Europe and the Antipodes (3 MB)

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.