These are the questions I will discuss in my lecture today. In doing so, I will focus on the role of 2 / 10  BIS central bankers' speeches  the European Central Bank. And to be clear from the start: the ECB has a price stabilitymandate.
“Deviations from Rules-Based Policy and Their Effects,” Journal of Economic Dynamics and Control, 49. 14  This idea has been put forward by John B. Taylor. See, for example, Taylor J.B. (2015). “Getting back to a Rules-Based Monetary Strategy,” Speech given at the conference Getting Monetary Policy Back on Track, organized by the Shadow Open Market Committee Princeton Club, March.