Results 1 - 1 of 1 for Federal Funds Rate [Author: P.A.V.B. Swamy]
Milton Friedman, the Demand for Money, and the ECB’s Monetary Policy Strategy - Review
The European Central Bank (ECB) assigns greater weight to the role of money in its monetary policy strategy than most, if not all, other major central banks. Nevertheless, reflecting the view that the demand for money became unstable in the early 2000s, some commentators have reported that the ECB has “downgraded” the role of money demand functions in its strategy.
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