The primary objective of the European Central Bank (ECB) is maintaining price stability. This means ensuring inflation stays below, but close to 2 percent. The ECB has struggled to reach the target for years and now the economic crisis created by Covid-19 has sounded the alarms of deflation. These developments have brought the secondary objectives of the ECB to the forefront; the objective of supporting the economic policies of the European Union, including employment, sustainable growth, and environmental protection. How to do this, is a question a recent report co-authored by Professor Kern Alexander seeks to answer.
Read more on CCSF's Medium post (11.6.2020)