The European Central Bank recently completed an eighteen-month strategy review, which aims to ensure that its monetary policy is fit for purpose, both today and in the future.

This shadow report, authored by senior European economists and written in parallel to the official review, provides a structured discussion of four important topics which have been part of the ECB’s analysis in the run up to its strategy review: the definition of the target (price stability and secondary objectives); the operational framework; fiscal-monetary interaction; and the implications for monetary policy of climate change and related mitigation initiatives.

Join the discussion of the authors' findings and engage with this useful analytical accompaniment which will help frame the discussion of the current and future changes to the ECB’s strategy.

Thursday 7th October will involve a panel of discussants focusing on the market oriented issues covered in chapters 1 and 2.

Panel members: Elga Bartsch, Philip Lane, Peter Praet

Authors: Lucrezia Reichlin, Klaus Adam, Michael McMahon, Ricardo Reis, Beatrice Weder di Mauro