IDEAS home Printed from https://ideas.repec.org/p/ecb/ecbops/2025372.html
   My bibliography  Save this paper

Report on monetary policy tools, strategy and communication

Author

Listed:
  • Kamps, Christophe
  • Bussière, Matthieu
  • Niessner, Birgit
  • Tristani, Oreste
  • Christoffel, Kai
  • Kapadia, Sujit
  • Ferrero, Giuseppe
  • Gilbert, Niels
  • Vlassopoulos, Thomas
  • Motto, Roberto
  • Gerke, Rafael
  • Barrau, Galo Nuño
  • Adalid, Ramón
  • Akkaya, Yıldız
  • Auer, Simone
  • Bitter, Lea
  • Brand, Claus
  • Carrier, Alexandre
  • Di Casola, Paola
  • Dobrew, Michael
  • Ferrari, Alessandro
  • Goy, Gavin
  • Grasso, Adriana
  • Ilieva, Boryana
  • Kostka, Thomas
  • Lisack, Noëmie
  • Mazelis, Falk
  • McGregor, Thomas
  • Nguyen, Benoît
  • Rast, Sebastian
  • Ristiniemi, Annukka
  • Ruhkamp, Stefan
  • Saint Guilhem, Arthur
  • Saporito, Elisa
  • Vladu, Andreea Liliana
  • Aguilar, Pablo
  • Allayioti, Anastasia
  • Altavilla, Carlo
  • Angelini, Elena
  • Pareja, Ana Arencibia
  • Argiri, Eleni
  • Avgousti, Aris
  • Bańkowska, Katarzyna
  • Barkhausen, David
  • Bartocci, Anna
  • Bates, Colm
  • Basten, Christoph
  • Baumann, Ursel
  • Benatti, Nicola
  • Bernardini, Marco
  • Bletzinger, Tilman
  • Bobeica, Elena
  • Bonfim, Diana
  • Boeckx, Jef
  • Böninghausen, Benjamin
  • Bonomolo, Paolo
  • Bottero, Margherita
  • Boucinha, Miguel
  • Broeders, Dirk
  • Budnik, Katarzyna
  • Burlon, Lorenzo
  • Buss, Ginters
  • Cantelmo, Alessandro
  • Carboni, Giacomo
  • da Costa, José Cardoso
  • de Souza, Tomás Carrera
  • Casalis, André
  • Ciccarelli, Matteo
  • Cinquin, Julian-Baptiste
  • Chahad, Mohammed
  • Coenen, Günter
  • Consolo, Agostino
  • Cova, Pietro
  • Covarrubias, Matias
  • De Jonghe, Olivier Georg
  • De Santis, Roberto A.
  • Deskar-Škrbić, Milan
  • Rigato, Rodolfo Dinis
  • Diaz, Rubén Dominguez
  • Dupraz, Stéphane
  • Ehrmann, Michael
  • Elfsbacka-Schmöller, Michaela
  • Besugo, Rita Fernandes Vitorino
  • Ferrando, Annalisa
  • Fonseca, Luís
  • Forti Grazzini, Caterina
  • Gallegos, José-Elías
  • Gareis, Johannes
  • Gáti, Laura
  • Georgarakos, Dimitris
  • Glöckler, Gabriel
  • Gnocato, Nicolò
  • Gomes, Sandra
  • Gonzáles, Beatriz
  • Goodhead, Robert
  • Gori, Sofia
  • Greco, Antonio
  • Grimaud, Alex
  • Groß, Johannes
  • Haavio, Markus
  • Hagenhoff, Tim
  • Hammermann, Felix
  • Helmus, Casper
  • Heikkinen, Joni
  • Hempell, Hannah
  • Hoerova, Marie
  • Holm-Hadulla, Fédéric
  • Imbierowicz, Björn
  • Irastorza, Katti
  • Istrefi, Klodiana
  • Italianer, Jip
  • Jalasjoki, Pirkka
  • Jørgensen, Kasper
  • Elias, Gallegos Dago Jose
  • Kaminskas, Rokas
  • Karadi, Peter
  • Kase, Hanno
  • Kedan, Danielle
  • Kerssenfischer, Mark
  • Kienzler, Daniel
  • Kilponen, Juha
  • Klaver, Inge
  • Kocharkov, Georgi
  • Kockerols, Thore
  • Kornprobst, Antoine
  • Kortelainen, Mika
  • Krustev, Georgi
  • Kunzmann, Vanessa
  • Kwapil, Claudia
  • Laine, Olli-Matti
  • Lang, Jan Hannes
  • Lechtaler, Wolfgang
  • Lemke, Wolfgang
  • Lhuissier, Stéphane
  • Lieberknecht, Philipp
  • Linzert, Tobias
  • Lozej, Matija
  • Luikmel, Peeter
  • Lund-Thomsen, Frederik
  • Lünnemann, Patrick
  • Malacrino, Davide
  • Martínez Hernández, Catalina
  • Martínez-Martin, Jaime
  • Marx, Magali
  • Mavromatis, Kostas
  • Meyler, Aidan
  • Momtsia, Angeliki
  • Müller, Georg
  • Nakov, Anton
  • Nikolov, Kalin
  • Notarpietro, Alessandro
  • Obstbaum, Meri
  • Odendahl, Florens
  • Offermans, Christian
  • Paloviita, Maritta
  • Papadopoulou, Niki
  • Papoutsi, Melina
  • Patriček, Matic
  • Penalver, Adrian
  • Penciu, Alexandru
  • Pintarić, Martin
  • Pool, Sebastiaan
  • Priftis, Romanos
  • Quint, Dominic
  • Rannenberg, Ansgar
  • Reichenbachas, Tomas
  • Röttger, Joost
  • Scalone, Valerio
  • Scheer, Alexander
  • Scheithauer, Jan
  • Schröder, Maximilian
  • Schumacher, Julian
  • Schupp, Fabian
  • Schwaab, Bernd
  • Skotida, Ifigeneia
  • Speck, Christian
  • Stevens, Arnoud
  • Storz, Manuela
  • Strukat, Martin
  • Suda, Jacek
  • Szablewksa, Marta
  • Thaler, Dominik
  • Tischer, Johannes
  • Tosato, Andrea Giorgio
  • Van der Ghote, Alejandro
  • Várhelyi, Georges
  • Velasco, Sofia
  • Ventula-Veghazy, Alexia
  • Vetlov, Igor
  • Volk, Matjaz
  • von Landesberger, Julian
  • von Thadden, Leopold
  • Wacks, Johannes
  • Westermann, Thomas
  • Wintr, Ladislav
  • Zimic, Srečko
  • Zlobins, Andrejs
  • Zutis, Klavs
  • Dupin, Elise
  • Ebener, Luca
  • Fernandes de Almeida Lindoso, Inês
  • Hennigan, Cian
  • Pilla, Edoardo
  • Sammarini, Anita
  • Strauss, Tal
  • Ungarelli, Flavia

Abstract

This report focuses on the implications of the changed inflation environment for the ECB’s monetary policy strategy, including the lessons learned from both the low inflation and high inflation periods, and the transition from one to the other. The starting point of the report is the outcome of the Monetary Policy Strategy Review 2020-21. While the previous review was conducted in an economic environment of low inflation, with interest rates in proximity to the effective lower bound (ELB), the inflation surge that followed the COVID-19 pandemic underscores the importance of a monetary policy strategy that enables the Governing Council to effectively respond to major changes in the inflation environment.

Suggested Citation

  • Kamps, Christophe & Bussière, Matthieu & Niessner, Birgit & Tristani, Oreste & Christoffel, Kai & Kapadia, Sujit & Ferrero, Giuseppe & Gilbert, Niels & Vlassopoulos, Thomas & Motto, Roberto & Gerke, R, 2025. "Report on monetary policy tools, strategy and communication," Occasional Paper Series 372, European Central Bank.
  • Handle: RePEc:ecb:ecbops:2025372
    Note: 491621
    as

    Download full text from publisher

    File URL: https://www.ecb.europa.eu//pub/pdf/scpops/ecb.op372.en.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecb:ecbops:2025372. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Official Publications (email available below). General contact details of provider: https://edirc.repec.org/data/emieude.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.