A New Two-Pillar Strategy for the ECB
By Daniel Gros and Paul De Grauwe
Date of publication:
30 June 2009
Pages:
12 Free download (pdf, 234.66 Kb)Dowloaded: 795 times
PDF file:
€ 12.00
This paper explores the question of whether there is a trade-off between maintaining price stability and financial stability (much in the same way as there can be a trade-off between price stability and output stability when supply shocks occur) and if so, which of the two objectives should take precedence. The authors analyse how such a trade-off can arise and further examine the issue of how to define and monitor financial stability and assess which policy instruments the ECB could deploy to maintain financial stability.
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€ 12.00
CEPS Authors:
Daniel Gros
Date of publication:
30 June 2009
type:
PDF file
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Pages:
12 | Attachment | Size | Hits | Last download |
|---|---|---|---|
| 1866.pdf | 229.16 KB | 443 | 4 hours 7 min ago |
This paper explores the question of whether there is a trade-off between maintaining price stability and financial stability (much in the same way as there can be a trade-off between price stability and output stability when supply shocks occur) and if so, which of the two objectives should take precedence. The authors analyse how such a trade-off can arise and further examine the issue of how to define and monitor financial stability and assess which policy instruments the ECB could deploy to maintain financial stability.
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30 June 2009
Pages:
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PDF file:
€ 12.00
This paper explores the question of whether there is a trade-off between maintaining price stability and financial stability (much in the same way as there can be a trade-off between price stability and output stability when supply shocks occur) and if so, which of the two objectives should take precedence. The authors analyse how such a trade-off can arise and further examine the issue of how to define and monitor financial stability and assess which policy instruments the ECB could deploy to maintain financial stability.
€ 12.00
CEPS Authors:
Daniel Gros
Date of publication:
30 June 2009
type:
PDF file
Number:
191
Pages:
12 | Attachment | Size | Hits | Last download |
|---|---|---|---|
| 1866.pdf | 229.16 KB | 443 | 4 hours 7 min ago |
This paper explores the question of whether there is a trade-off between maintaining price stability and financial stability (much in the same way as there can be a trade-off between price stability and output stability when supply shocks occur) and if so, which of the two objectives should take precedence. The authors analyse how such a trade-off can arise and further examine the issue of how to define and monitor financial stability and assess which policy instruments the ECB could deploy to maintain financial stability.
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12 Price: € 12.00
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[#value] => This paper explores the question of whether there is a trade-off between maintaining price stability and financial stability (much in the same way as there can be a trade-off between price stability and output stability when supply shocks occur) and if so, which of the two objectives should take precedence. The authors analyse how such a trade-off can arise and further examine the issue of how to define and monitor financial stability and assess which policy instruments the ECB could deploy to maintain financial stability.
€ 12.00
CEPS Authors:
Daniel Gros
Date of publication:
30 June 2009
type:
PDF file
Number:
191
Pages:
12 | Attachment | Size |
|---|---|
| 1866.pdf | 229.16 KB |
This paper explores the question of whether there is a trade-off between maintaining price stability and financial stability (much in the same way as there can be a trade-off between price stability and output stability when supply shocks occur) and if so, which of the two objectives should take precedence. The authors analyse how such a trade-off can arise and further examine the issue of how to define and monitor financial stability and assess which policy instruments the ECB could deploy to maintain financial stability.
CEPS Authors:
Daniel Gros
Date of publication:
30 June 2009
type:
PDF file
Number:
191
Pages:
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