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

Serie: Documentos de Trabajo. 9425.

Autor: Charles Goodhart and Jose Viñals

Tipos de cambio

• Política monetaria
• Unión Europea
• Gobernanza

Documento completo

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

Resumen

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.