Reforming the European Central Bank

Christophe Blot (), Paul Hubert and Fabien Labondance
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Christophe Blot: OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po

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Abstract: In the early 1990s, the independence of central banks became a pillar of a new model of central banking oriented toward price stability. These changes have been part of a new paradigm stemming from theoretical literature on monetary policy of the mid-1980s (see Chap. 2). This literature has strongly influenced the setup of central banking in the European Monetary Union. [First lines]

Keywords: European Central Bank; Price stability; Monetary policy (search for similar items in EconPapers)
Date: 2018
Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-03471743
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Published in Jérôme Creel; Eloi Laurent; Jacques Le Cacheux. Report on the State of the European Union, Palgrave Macmillan, pp.83 - 96, 2018, 9783319983639

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Working Paper: Reforming the European Central Bank (2018)
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