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Conversation - Challenges to the single monetary policy and ways forward

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Logo of European Central Bank (ECB)European Central Bank (ECB)
 Pisani-Ferry, Jean Posen, Adam Praet, Peter Schnabel, Isabel

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Conversation - Challenges to the single monetary policy and ways forward
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3
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CC Attribution 3.0 Unported:
You are free to use, adapt and copy, distribute and transmit the work or content in adapted or unchanged form for any legal purpose as long as the work is attributed to the author in the manner specified by the author or licensor.
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The ECB, like other major central banks, has resorted to both conventional and unconventional monetary policy tools to fulfil its price stability mandate. What are the most common challenges in central banking? What specific challenges are presented by the incomplete nature of EMU? How can these challenges be overcome?