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Milton Friedman, the Demand for Money, and the ECB’s Monetary Policy Strategy

Year: 2012
Type: article
Abstract: 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.
Language: English
Open Access status: gold
OpenAlex ID: W1549233144
FWCI: 8.359
Cites: 37
Cited by: 21
Related to: 10