Woodford, Michael (contributor) - 2007
."
⁄Revised from a paper presented at the Fourth ECB Central Banking Conference, \The Role of
Money: Money and Monetary Policy in … ation,
either in the short run or over a longer run. Hence they provide little support
for the ECB’s monetary \pillar … the monitoring of measures of the money sup-
ply. In what the ECB calls its \two-pillar strategy," one pillar is \economic …