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Post n°247. Since the previous ECB strategy review in 2003, interdependencies across countries have increased, making economic and financial conditions in the euro area more prone to foreign influence. However, the analyses behind the new ECB's Strategy Review conclude globalisation does not impede the ECB from achieving price stability but calls for the adaptation of instruments and analytical toolkits. Conducting monetary policy in an interconnected world Monetary policy
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Post n°247. Since the previous ECB strategy review in 2003, interdependencies across countries have increased, making economic and financial conditions in the euro area more prone to foreign influence. However, the analyses behind the new ECB's Strategy Review conclude globalisation does not impede the ECB from achieving price stability but calls for the adaptation of instruments and analytical toolkits. Conducting monetary policy in an interconnected world Monetary policy

Olivier de Bandt,, Juan Carluccio, David Lodge and Javier J. Pérez
Banque de France
20/12/2021

Abstract

Since the previous ECB strategy review in 2003, interdependencies across countries have increased, making economic and financial conditions in the euro area more prone to foreign influence. However, the analyses behind the new ECB’s Strategy Review conclude globalisation does not impede the ECB from achieving price stability but calls for the adaptation of instruments and analytical toolkits.

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Conducting monetary policy in an interconnected world _ Banque de France291.32 kBDownloadView
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https://www.banque-france.fr/en/publications-and-statistics/publications/conducting-monetary-policy-interconnected-worldView
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