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The ECB strategy: The 2021 review and its future

edited by Klaus Adam Warwick Mckibbin Michael McMahon Lucrezia Reichlin Ricardo Reis Giovanni Ricco Beatrice Weder di Mauro

1 Sep 2021

The ECB recently completed an eighteen-month strategy review, published in July 2021, with the aim of innovating on both the design and the magnitude of its policy responses. This report, authored by senior European economists and written in parallel to the official review, provides a timely and clear framework to assess the current changes to and future evolution of the ECB’s strategy.

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Introduction: The ECB Strategy: The 2021 review and its future

Citation

Adam, K, W Mckibbin, and M McMahon (2021), “Introduction: The ECB Strategy: The 2021 review and its future“, in L Reichlin, R Reis, G Ricco and B Weder di Mauro (eds), The ECB strategy: The 2021 review and its future, CEPR Press, London. https://cepr.org/chapters/introduction-ecb-strategy-2021-review-and-its-future

The objectives of monetary policy

Citation

Adam, K, W Mckibbin, and M McMahon (2021), “The objectives of monetary policy“, in L Reichlin, R Reis, G Ricco and B Weder di Mauro (eds), The ECB strategy: The 2021 review and its future, CEPR Press, London. https://cepr.org/chapters/objectives-monetary-policy

The tools of monetary policy at the ECB: A new normal

Citation

Adam, K, W Mckibbin, and M McMahon (2021), “The tools of monetary policy at the ECB: A new normal“, in L Reichlin, R Reis, G Ricco and B Weder di Mauro (eds), The ECB strategy: The 2021 review and its future, CEPR Press, London. https://cepr.org/chapters/tools-monetary-policy-ecb-new-normal

Fiscal and monetary interactions

Citation

Adam, K, W Mckibbin, and M McMahon (2021), “Fiscal and monetary interactions“, in L Reichlin, R Reis, G Ricco and B Weder di Mauro (eds), The ECB strategy: The 2021 review and its future, CEPR Press, London. https://cepr.org/chapters/fiscal-and-monetary-interactions

Climate change and monetary policy

Citation

Adam, K, W Mckibbin, and M McMahon (2021), “Climate change and monetary policy“, in L Reichlin, R Reis, G Ricco and B Weder di Mauro (eds), The ECB strategy: The 2021 review and its future, CEPR Press, London. https://cepr.org/chapters/climate-change-and-monetary-policy

Appendix: Stylised facts on inflation in the euro area

Citation

Adam, K, W Mckibbin, and M McMahon (2021), “Appendix: Stylised facts on inflation in the euro area“, in L Reichlin, R Reis, G Ricco and B Weder di Mauro (eds), The ECB strategy: The 2021 review and its future, CEPR Press, London. https://cepr.org/chapters/appendix-stylised-facts-inflation-euro-area