From the understanding of the intended targets, optimality of the policy mix according to each authority can be formulated, both in terms of the complementarity of policy instruments and the effectiveness of their transmission in achieving the targets. Thus, inter-authority policy synergy fulfills 3 (three) conditions of the “Pareto optimum”, namely optimization of target, policy instruments, and effectiveness of transmission.
Jean-Claude Trichet: Joint interview with Corriere della Sera, Helsingin Sanomat, De Volkskrant, Diário de Notícias A joint interview of Mr Jean-Claude Trichet, President of the European Central Bank, conducted on 19 June 2006 by Ms Marika de Feo, Corriere della Sera, Mr Juhana Rossi, Helsingin Sanomat, Mr Olav Velthuis, De Volkskrant, Mr Sergio Anibal, Diário de Notícias, published on 27 June 2006.