After 16 years of operation and seven years of crisis, the Eurosystem has matured enough to engage more fully with the public about how we go about fulfilling our mandate. Such an interaction is ultimately the best basis for an effective monetary policy and for maintaining credibility and trust in our institution – which hopefully, like the DNB, will last for centuries to come.
References Blattner, T. S. and E. Margaritov (2010), ‘Towards a robust monetary policy rule for the euro area’, ECB Working Paper No. 1210. Blinder, A.S., M. Ehrmann, M. Fratzscher, J. De Haan and D-J. Jansen (2008), ‘Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence’, Journal of Economic Literature, 46:4, pp. 910–945.