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- W634971853 abstract "In my remarks today, I will discuss three topical issues facing central banks, in particular in light of recent events: the relationship between asset prices and monetary policy; the effectiveness of our standard interest rate instrument; and the design of non-standard monetary policy measures such as the European Central Bank’s (ECB) enhanced credit support. The ongoing financial crisis has highlighted the importance of old issues and raised some new questions, for which I will try to offer an ECB perspective. Exactly four years ago, here in Jackson Hole, I spoke about “credible alertness” in monetary policy. Today it seems opportune to revisit this concept in light of recent events." @default.
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- W634971853 date "2009-01-01" @default.
- W634971853 modified "2023-09-23" @default.
- W634971853 title "Credible alertness revisited" @default.
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