The First 20 Years of the European Central Bank: Monetary Policy. Brookings Institution. Philipp Hartmann and Frank Smets. September 13, 2018
The European Central Bank’s Philipp Hartmann and Frank Smets provide a comprehensive view of the ECB’s monetary policy over these two decades. The authors provide a chronological account of the macroeconomic and monetary policy developments in the euro area since the adoption of the euro in 1999, and describe the monetary policy decisions from the ECB’s perspective and against the background of its evolving monetary policy strategy. [Note: contains copyrighted material].
[PDF format, 70 pages].
