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Paul Mercier, Principal Adviser, European Central Bank,Francesco Papadia, Director General, European Central Bank
Paul Mercier is Principal Adviser at the European Central Bank (ECB) and was chairman of the taskforce that delivered the specification of the monetary policy implementation framework adopted by the ECB in 1999.
Francesco Papadia is Director General for Market Operations of the European Central Bank. He previously held a position at the Banca d'Italia and acted as an economic advisor to the EU Commission.
Table of Contents
Introduction 1. Theory of Monetary Policy Implementation, U. Bindseil 2. The Story of the Eurosystem Framework, M. Galvenius and P. Mercier 3. The Functioning of the Eurosystem framework since 1999, F. Papadia and T. Valimaki 4. Challenges for the Next Decade of Monetary Policy Implementation, U. Bindseil, P. Mercier, F. Papadia and F. Wurtz