Hall, Stephen G.; Swamy, P.A.V.B.; Tavlas, George S. - In: Review (2012) May, pp. 153-186
strategy. This paper explains the ECB’s monetary policy strategy and shows the considerable influence of Milton Friedman’s …The European Central Bank (ECB) assigns greater weight to the role of money in its monetary policy strategy than most … early 2000s, some commentators have reported that the ECB has “downgraded” the role of money demand functions in its …