Hidden Bibliographic Details
| Varying Form of Title: | European Central Bank's monetary analysis revisited
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| Other authors / contributors: | Harjes, Thomas, 1969- author.
Stavrev, Emil, author.
International Monetary Fund. European Department.
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| ISBN: | 1451914822
9781451914825
1462354785
9781462354788
145271679X
9781452716794
128284122X
9781282841222
1451870299
9781451870299
9786612841224
6612841222
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| Digital file characteristics: | text file
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| Notes: | "July 2008."
Includes bibliographical references (pages 50-61).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2011.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2011 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Monetary aggregates continue to play an important role in the ECB's policy strategy. This paper revisits the case for money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non-monetary factors alone may leave the ECB with an incomplete picture of the economy. However, treating monetary factors as a separate matter is a second-best solution. Instead, a general-equilibrium inspired analytical framework that merges the economic and monetary "pillars" of the ECB's policy strategy appears the most promising way forward. The role played by monetary aggregates in such unified framework may be rather limited. However, an integrated framework would facilitate the presentation of policy decisions by providing a clearer narrative of the relative role of money in the interaction with other economic and financial sector variables, including asset prices, and their impact on consumer prices
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| Other form: | Print version: Berger, Helge. ECB's monetary analysis revisited. Washington, D.C. : International Monetary Fund, European Dept., 2008
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| Standard no.: | 10.5089/9781451914825.001
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