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Reforming the European Central Bank

Author

Listed:
  • Christophe Blot

    (Observatoire français des conjonctures économiques)

  • Paul Hubert

    (Observatoire français des conjonctures économiques)

  • Fabien Labondance

    (Observatoire français des conjonctures économiques)

Abstract

In the early 1990s, the independence of central banks became a pillar of a new model of central banking oriented toward price stability. These changes have been part of a new paradigm stemming from theoretical literature on monetary policy of the mid-1980s (see Chap. 2). This literature has strongly influenced the setup of central banking in the European Monetary Union. [First lines]

Suggested Citation

  • Christophe Blot & Paul Hubert & Fabien Labondance, 2018. "Reforming the European Central Bank," Sciences Po publications info:hdl:2441/70np5j7s548, Sciences Po.
    • Handle: RePEc:spo:wpmain:info:hdl:2441/70np5j7s548spqcrolr0airgm6
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