Publication
30 Jun 2009
This paper explores whether there is a trade-off between maintaining price stability and financial stability and if so, which of the two objectives should take precedence. The authors analyze how such a trade-off can arise and further examine the issue of how to define and monitor financial stability. They assess which policy instruments the European Central Bank (ECB) could deploy to maintain financial stability.
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English (PDF, 12 pages, 238 KB) |
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Author | Paul De Grauwe, Daniel Gros |
Series | CEPS Policy Briefs |
Issue | 191 |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2009 Centre for European Policy Studies (CEPS) |