Monetary policy – insights into the cockpit

How does monetary policy affect inflation? The Governing Council of the European Central Bank (ECB) has a variety of monetary policy instruments at its disposal to safeguard price stability in the euro area. In this workshop, we will be discussing the advantages and disadvantages of key interest rates, asset purchases, and other monetary policy instruments. Based on a specific scenario, we’ll conduct an interactive simulation of how the ECB Governing Council makes its monetary policy decisions with regard to inflation.