|Author (Person)||Chiacchio, Francesco, Claeys, Grégory, Papadia, Francesco|
|Series Title||Bruegel Policy Contributions|
|Publication Date||September 2018|
|Content Type||Journal | Series | Blog|
Central banks are not profit-maximising institutions; their objectives are rather of macroeconomic nature. The European Central Bank’s overriding objective is price stability. Nevertheless, there are three good reasons to conclude that it is preferable for central banks to achieve profits rather than to record losses.
|Subject Categories||Economic and Financial Affairs|
|Keywords||European Central Bank [ECB]
|International Organisations||European Union [EU]|