Learning Goals–Understand the importance of Monetary PolicyKnow the Strategy that the Central Bank can–Know the Strategy that the Central Bank can follow and the one followed by the European Cl Bk (ECB)Central Bank (ECB)–Know the different instruments available to the Central Banks.–Understand how these instruments are applied and the importance of the discretional, independent nature of the bank.2
Context–You have passed the ECB selection process and will join the Frankfurt office next week. On your first day at work, you must give a presentation to your new bosses. To ensure you make a success of it you have decided tomake a success of it you have decided to refresh your knowledge of Monetary Policy. 3
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