The ECB and monetary policy

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Series Details No 3, June 2003
Publication Date 2003
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The European Central Bank announced last December that it would review the current monetary framework which was finalised and presented to the public on May, 8th. The objective of this paper is to contribute to an ongoing debate on the European Central Bank and its monetary policy, by assessing the main features of the current system and pointing out some ideas that could make the current framework more efficient in transparency and policy effectiveness.

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