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

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Titel: Don’t blame the mirror if your face is faulty – assessing the symmetry of the ECB's monetary policy responses
Författare: Välimäki, Tuomas
Institution: Bank of Finland
Serie: Bank of Finland Bulletin. Blog
Utgivningsår: 2021
Utgivningsdatum: 16.8.2021
Sidor: 6
Subject (yso): inflaatio; rahapolitiikka; strategia
Nyckelord: inflaatiotavoite; rahapolitiikan tavoite; hintavakaus; EKP
Andra nyckelord: inflation targeting; ECB; monetary policy; monetary policy strategy
Abstrakt: 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.
Anmärking: 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/
Länk: http://www.bofbulletin.fi/
Licens: https://helda.helsinki.fi/bof/copyright


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