1. European Central Bank and the Federal Reserve System
... the primary objective of price stability and an analytical framework based on two pillars - economic analysis and monetary analysis - that forms the basis of the Governing Council's overall assessment of the risks to price stability and its monetary policy decisions. Economic analysis focuses on the assessment of current economic developments and the associated short to medium-term risks to price stability. It includes ... an analysis of shocks hitting the euro area economy and projections of key macroeconomic variables. Monetary analysis focuses on the assessment of medium to long-term ...
- Word Count: 2990
- Approx Pages: 12
- Has Bibliography
- Grade Level: Undergraduate