Everything you always wanted to know about money and monetary policy (but were afraid to ask)

J. Boeckx, B. De Backer and E. Vincent
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J. Boeckx: NBB
B. De Backer: NBB
E. Vincent: NBB

Economic Review, 2025, 1-33

Abstract: What is the exact role played by “money” in monetary policy? This article explains that monetary policy is probably better understood as “interest rate policy”. It also describes how monetary policy is implemented in practice, in light of the recent review of the Eurosystem’s operational framework.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:nbb:ecrart:y:2025:m:july

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