Monetary policy strategy in a global environment
- Publisher: Frankfurt a. M.: European Central Bank (ECB)
E44 | F42 | Asset prices | Financial markets. | F33 | E58 | Globalisation | Monetary policy
jel: jel:F4 | jel:E5
This paper discusses the structural implications of real and financial globalisation, with the aim of drawing lessons for the conduct of monetary policy and, in particular, for the assessment of risks to price stability. The first conclusion of the paper is that globali...