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The future of monetary policy. Summary of the conference held in Rome on 30 September and 1 October 2010


  • Laurent Clerc

    (Banque de france - Banque de France)

  • Olivier Loisel

    (Banque de france - Banque de France)

  • Benoît Mojon

    (Banque de france - Banque de France)

  • Xavier Ragot

    (Banque de france - Banque de France, PSE - Paris-Jourdan Sciences Economiques - ENS Paris - École normale supérieure - Paris - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics)


This article summarises the main questions that dominated the presentations, discussions and debates, namely: are monetary policy and liquidity management always independent from each other? Should monetary policy preserve financial stability? Should monetary policy react to asset price bubbles? And, more generally, what is the future for monetary policy?

Suggested Citation

  • Laurent Clerc & Olivier Loisel & Benoît Mojon & Xavier Ragot, 2010. "The future of monetary policy. Summary of the conference held in Rome on 30 September and 1 October 2010," Post-Print halshs-00754684, HAL.
  • Handle: RePEc:hal:journl:halshs-00754684
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    References listed on IDEAS

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    More about this item


    Asset price bubbles; Financial crisis; Interbank market; Macroprudential policy; Monetary polic;

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • G1 - Financial Economics - - General Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services


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