Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/218957
Authors: 
Issing, Otmar
Year of Publication: 
2020
Series/Report no.: 
SAFE White Paper 68
Abstract: 
This Policy White Paper assesses several main elements of ECB's upcoming review of its monetary policy strategy, announced in January 2020. Four aspects of the review are discussed in detail: i) ECB's definition of price stability and the arguments for and against inflation targeting; ii) the scope of ECB's objectives, considering financial stability, employment and the sustainability of the environment; iii) an update of ECB's economic and monetary analyses to assess the risks to price stability; iv) the ECB's communication practice. Furthermore, an overview of the ECB's monetary policy strategy and its last evaluation in 2003 is given.
Subjects: 
monetary policy
ECB
price stability
two-pillar system
strategy review
Document Type: 
Working Paper

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