Don’t blame the mirror if your face is faulty – assessing the symmetry of the ECB's monetary policy responses

Show full item record

Title: Don’t blame the mirror if your face is faulty – assessing the symmetry of the ECB's monetary policy responses
Author: Välimäki, Tuomas
Organization: Bank of Finland
Series: Bank of Finland Bulletin. Blog
Year of publication: 2021
Publication date: 16.8.2021
Pages: 6
Subject (yso): inflaatio; rahapolitiikka; strategia
Keywords: inflaatiotavoite; rahapolitiikan tavoite; hintavakaus; EKP
Other keywords: inflation targeting; ECB; monetary policy; monetary policy strategy
Abstract: The symmetry of the guideline for the monetary policy stance has recently attracted considerable attention in central banks’ communications. Both the Fed and the ECB have, in their recent strategy reviews, laid out that their preferences are symmetric about the inflation target of 2%. Indeed, the calibration of the inflation target was a key part of the ECB’s strategy review that was published in July.
Note: The accessible version: https://www.bofbulletin.fi/en/blogs/2021/don-t-blame-the-mirror-if-your-face-is-faulty-assessing-the-symmetry-of-the-ecb-s-monetary-policy-responses/
Link: http://www.bofbulletin.fi/
Rights: https://helda.helsinki.fi/bof/copyright


Files in this item

Total number of downloads: Loading...

Files Size Format View
Bulletin_blog_16_8_21.pdf 128.6Kb PDF View/Open

This item appears in the following Collection(s)

Show full item record