All aspects of the strategy were scrutinized, going through a lively internal debate and resulting in a series of technical studies now available on our web site. The key role here was played by the staff of the ECB and of the National Central Banks, the latter contributing through the Eurosystem Monetary Policy Committee.
Use was made of research accumulated during the recent years, in the ECB and outside, on a number of issues relevant for the strategy, such as the transmission of monetary policy, the determinants of prices, the leading indicator properties of money, credit and other key indicators, and the like.