{"id":"https://openalex.org/W640449358","doi":null,"title":"Monetary Policy in the Euro Area: Strategy and Decision-Making at the European Central Bank","display_name":"Monetary Policy in the Euro Area: Strategy and Decision-Making at the European Central Bank","publication_year":2001,"publication_date":"2001-07-26","ids":{"openalex":"https://openalex.org/W640449358","mag":"640449358"},"language":"en","primary_location":{"id":"pmh:oai:aleph.bib-bvb.de:BVB01-009418164","doi":null,"is_oa":false,"landing_page_url":"http://www.loc.gov/catdir/description/cam021/2001025440.html","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"text"},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5049471622","display_name":"Otmar Issing","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I153515283","display_name":"European Central Bank","ror":"https://ror.org/00ajckn66","country_code":"DE","type":"government","lineage":["https://openalex.org/I1320481043","https://openalex.org/I153515283"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Otmar Issing","raw_affiliation_strings":["European Central Bank (Frankfurt)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"European Central Bank (Frankfurt)","institution_ids":["https://openalex.org/I153515283"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5012119986","display_name":"V\u00ed\u00adtor Gaspar","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I153515283","display_name":"European Central Bank","ror":"https://ror.org/00ajckn66","country_code":"DE","type":"government","lineage":["https://openalex.org/I1320481043","https://openalex.org/I153515283"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"V\u00ed\u00adtor Gaspar","raw_affiliation_strings":["European Central Bank (Frankfurt)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"European Central Bank (Frankfurt)","institution_ids":["https://openalex.org/I153515283"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5054625759","display_name":"Ignazio Angeloni","orcid":"https://orcid.org/0000-0001-6824-7841","observed_orcids":["https://orcid.org/0000-0001-6824-7841"]},"institutions":[{"id":"https://openalex.org/I153515283","display_name":"European Central Bank","ror":"https://ror.org/00ajckn66","country_code":"DE","type":"government","lineage":["https://openalex.org/I1320481043","https://openalex.org/I153515283"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Ignazio Angeloni","raw_affiliation_strings":["European Central Bank (Frankfurt)"],"raw_orcid":"https://orcid.org/0000-0001-6824-7841","affiliations":[{"raw_affiliation_string":"European Central Bank (Frankfurt)","institution_ids":["https://openalex.org/I153515283"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5060654339","display_name":"Oreste Tristani Z","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I153515283","display_name":"European Central Bank","ror":"https://ror.org/00ajckn66","country_code":"DE","type":"government","lineage":["https://openalex.org/I1320481043","https://openalex.org/I153515283"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Oreste Tristani","raw_affiliation_strings":["European Central Bank (Frankfurt)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"European Central Bank (Frankfurt)","institution_ids":["https://openalex.org/I153515283"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I153515283"],"apc_list":null,"apc_paid":null,"fwci":27.5478,"has_fulltext":false,"cited_by_count":123,"citation_normalized_percentile":{"value":0.99365777,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T14166","display_name":"European Monetary and Fiscal Policies","score":0.9032999873161316,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T14166","display_name":"European Monetary and Fiscal Policies","score":0.9032999873161316,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.0949999988079071,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0007999999797903001,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monetary-policy-strategy","display_name":"monetary policy strategy","score":0.8899999856948853},{"id":"https://openalex.org/keywords/european-central-bank","display_name":"European Central Bank","score":0.984000027179718},{"id":"https://openalex.org/keywords/eurosystem","display_name":"Eurosystem","score":0.9750000238418579},{"id":"https://openalex.org/keywords/monetary-policy-transmission","display_name":"monetary policy transmission","score":0.7260000109672546},{"id":"https://openalex.org/keywords/monetary-policy-decision-making","display_name":"monetary policy decision-making","score":0.7929999828338623},{"id":"https://openalex.org/keywords/monetary-policy-objectives","display_name":"monetary policy objectives","score":0.7260000109672546},{"id":"https://openalex.org/keywords/central-bank-independence","display_name":"central bank independence","score":0.3970000147819519},{"id":"https://openalex.org/keywords/euro-area","display_name":"euro area","score":0.4790000021457672}],"concepts":[{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.6902490258216858},{"id":"https://openalex.org/C2780871342","wikidata":"https://www.wikidata.org/wiki/Q7883752","display_name":"Underpinning","level":2,"score":0.6357983350753784},{"id":"https://openalex.org/C18762648","wikidata":"https://www.wikidata.org/wiki/Q42213","display_name":"Work (physics)","level":2,"score":0.5020232200622559},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.5012950897216797},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4801989793777466},{"id":"https://openalex.org/C2992735868","wikidata":"https://www.wikidata.org/wiki/Q66344","display_name":"Central bank","level":3,"score":0.4284426271915436},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.39211541414260864},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.28419405221939087},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.10695880651473999},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.07517898082733154},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C147176958","wikidata":"https://www.wikidata.org/wiki/Q77590","display_name":"Civil engineering","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:aleph.bib-bvb.de:BVB01-009418164","doi":null,"is_oa":false,"landing_page_url":"http://www.loc.gov/catdir/description/cam021/2001025440.html","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"text"},{"id":"pmh:oai:aleph.bib-bvb.de:BVB01-028559331","doi":null,"is_oa":false,"landing_page_url":"http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=112520","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"text"},{"id":"mag:640449358","doi":null,"is_oa":false,"landing_page_url":"https://assets.cambridge.org/97805217/83248/copyright/9780521783248_copyright.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/16","score":0.7099999785423279,"display_name":"Peace, justice, and strong institutions"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":196,"referenced_works":["https://openalex.org/W174294966","https://openalex.org/W197943412","https://openalex.org/W597946137","https://openalex.org/W643762697","https://openalex.org/W650722637","https://openalex.org/W826983655","https://openalex.org/W1483979169","https://openalex.org/W1485238784","https://openalex.org/W1485676192","https://openalex.org/W1487820685","https://openalex.org/W1488753444","https://openalex.org/W1489419936","https://openalex.org/W1489773067","https://openalex.org/W1491069747","https://openalex.org/W1494838899","https://openalex.org/W1494973389","https://openalex.org/W1498451294","https://openalex.org/W1499901685","https://openalex.org/W1501089513","https://openalex.org/W1517815738","https://openalex.org/W1518213342","https://openalex.org/W1519028632","https://openalex.org/W1529410011","https://openalex.org/W1531785429","https://openalex.org/W1533052498","https://openalex.org/W1536349373","https://openalex.org/W1537404306","https://openalex.org/W1538811727","https://openalex.org/W1544604657","https://openalex.org/W1544667485","https://openalex.org/W1545465190","https://openalex.org/W1552451257","https://openalex.org/W1554347923","https://openalex.org/W1560776685","https://openalex.org/W1564595839","https://openalex.org/W1564639935","https://openalex.org/W1565601018","https://openalex.org/W1565940437","https://openalex.org/W1568703174","https://openalex.org/W1572440246","https://openalex.org/W1573625396","https://openalex.org/W1579762649","https://openalex.org/W1581499838","https://openalex.org/W1586716184","https://openalex.org/W1589437425","https://openalex.org/W1590280300","https://openalex.org/W1591398478","https://openalex.org/W1594790040","https://openalex.org/W1594895249","https://openalex.org/W1600100388","https://openalex.org/W1603063904","https://openalex.org/W1605038209","https://openalex.org/W1606377008","https://openalex.org/W1741204264","https://openalex.org/W1751426098","https://openalex.org/W1790514945","https://openalex.org/W1822794165","https://openalex.org/W1969967233","https://openalex.org/W1970043559","https://openalex.org/W1971370562","https://openalex.org/W1971409081","https://openalex.org/W1974702833","https://openalex.org/W1976140283","https://openalex.org/W1982440189","https://openalex.org/W1989102792","https://openalex.org/W1990923461","https://openalex.org/W1991865067","https://openalex.org/W1992279349","https://openalex.org/W1993507478","https://openalex.org/W1994121926","https://openalex.org/W1999678062","https://openalex.org/W2003451358","https://openalex.org/W2005496601","https://openalex.org/W2006651840","https://openalex.org/W2011278420","https://openalex.org/W2014790198","https://openalex.org/W2015646194","https://openalex.org/W2022899622","https://openalex.org/W2024009271","https://openalex.org/W2024699330","https://openalex.org/W2024892824","https://openalex.org/W2025285192","https://openalex.org/W2025823513","https://openalex.org/W2027059017","https://openalex.org/W2030811673","https://openalex.org/W2031071394","https://openalex.org/W2032065642","https://openalex.org/W2032436847","https://openalex.org/W2034251039","https://openalex.org/W2037612208","https://openalex.org/W2038010378","https://openalex.org/W2042333228","https://openalex.org/W2047642991","https://openalex.org/W2052982770","https://openalex.org/W2053347727","https://openalex.org/W2053596889","https://openalex.org/W2054102568","https://openalex.org/W2054461753","https://openalex.org/W2056909848","https://openalex.org/W2057022437","https://openalex.org/W2058768260","https://openalex.org/W2060268960","https://openalex.org/W2060957239","https://openalex.org/W2063210532","https://openalex.org/W2063292028","https://openalex.org/W2070066727","https://openalex.org/W2070720254","https://openalex.org/W2080084412","https://openalex.org/W2082339812","https://openalex.org/W2084727393","https://openalex.org/W2087096517","https://openalex.org/W2090766058","https://openalex.org/W2090768646","https://openalex.org/W2090999325","https://openalex.org/W2093972087","https://openalex.org/W2095695272","https://openalex.org/W2097428911","https://openalex.org/W2103001575","https://openalex.org/W2105205039","https://openalex.org/W2108157748","https://openalex.org/W2111077513","https://openalex.org/W2111819448","https://openalex.org/W2118810990","https://openalex.org/W2119852194","https://openalex.org/W2125534266","https://openalex.org/W2127191371","https://openalex.org/W2127995420","https://openalex.org/W2128168853","https://openalex.org/W2128794970","https://openalex.org/W2132814156","https://openalex.org/W2133534913","https://openalex.org/W2133826741","https://openalex.org/W2139170749","https://openalex.org/W2142812054","https://openalex.org/W2144089772","https://openalex.org/W2151148633","https://openalex.org/W2151746141","https://openalex.org/W2156993613","https://openalex.org/W2159254294","https://openalex.org/W2162970404","https://openalex.org/W2163488867","https://openalex.org/W2167468761","https://openalex.org/W2169193607","https://openalex.org/W2169417293","https://openalex.org/W2169633576","https://openalex.org/W2170292477","https://openalex.org/W2171440378","https://openalex.org/W2182602975","https://openalex.org/W2235264471","https://openalex.org/W2252113439","https://openalex.org/W2319718869","https://openalex.org/W2326363142","https://openalex.org/W2328626514","https://openalex.org/W2329234417","https://openalex.org/W2480138232","https://openalex.org/W2490892938","https://openalex.org/W2793820089","https://openalex.org/W2889687103","https://openalex.org/W2889712533","https://openalex.org/W2890582035","https://openalex.org/W2891859227","https://openalex.org/W2896561002","https://openalex.org/W2990159578","https://openalex.org/W2990619386","https://openalex.org/W3022712314","https://openalex.org/W3023579868","https://openalex.org/W3023652150","https://openalex.org/W3109350175","https://openalex.org/W3121590684","https://openalex.org/W3121624261","https://openalex.org/W3121707723","https://openalex.org/W3121935849","https://openalex.org/W3121978017","https://openalex.org/W3122147081","https://openalex.org/W3122181545","https://openalex.org/W3122270349","https://openalex.org/W3122315136","https://openalex.org/W3122512945","https://openalex.org/W3122686575","https://openalex.org/W3122696655","https://openalex.org/W3122833375","https://openalex.org/W3122962905","https://openalex.org/W3123136451","https://openalex.org/W3123418487","https://openalex.org/W3123910121","https://openalex.org/W3123935426","https://openalex.org/W3124048269","https://openalex.org/W3124176630","https://openalex.org/W3124402331","https://openalex.org/W3124797613","https://openalex.org/W3124922533","https://openalex.org/W3125135614","https://openalex.org/W3125227899","https://openalex.org/W3125456899","https://openalex.org/W3125780895","https://openalex.org/W6903389092"],"related_works":["https://openalex.org/W3023652150","https://openalex.org/W2140898820","https://openalex.org/W2169417293","https://openalex.org/W2167468761","https://openalex.org/W3125135614","https://openalex.org/W2109211516","https://openalex.org/W1480476874","https://openalex.org/W2109300495","https://openalex.org/W2144395073","https://openalex.org/W3143313785","https://openalex.org/W2085752922","https://openalex.org/W1988995432","https://openalex.org/W3125780895","https://openalex.org/W3122315136","https://openalex.org/W3121721370","https://openalex.org/W2108067344","https://openalex.org/W1482401614","https://openalex.org/W1965561045","https://openalex.org/W1608219725","https://openalex.org/W1581031278"],"abstract_inverted_index":{"How":[0],"and":[1,19,27,44,58,61,99,107,120],"for":[2],"whose":[3],"benefit":[4],"the":[5,13,22,41,76,81,86,93,103,108,118,124,131],"European":[6],"Central":[7],"Bank":[8],"(ECB)":[9],"will":[10],"work":[11],"is":[12],"most":[14],"important":[15],"issue":[16],"facing":[17],"Europe,":[18],"has":[20,31,52,62],"been":[21,53],"subject":[23],"of":[24,37,49,54,92,102,111,135],"vast":[25,35],"media":[26],"academic":[28,42],"interest":[29],"which":[30],"already":[32],"spawned":[33],"a":[34,73],"literature":[36],"discussion":[38,51],"papers":[39],"in":[40,141],"literature,":[43],"'Euro":[45],"Watch'":[46],"features.":[47],"Much":[48],"this":[50,136],"an":[55],"increasingly":[56],"hysterical":[57],"political":[59],"nature":[60],"served":[63],"to":[64],"blur":[65],"rather":[66],"than":[67],"inform.":[68],"This":[69],"book,":[70],"written":[71],"by":[72,130],"team":[74],"at":[75],"ECB,":[77],"including":[78],"Otmar":[79],"Issing":[80],"ECB's":[82],"Chief":[83],"Economist,":[84],"provides":[85],"first":[87],"comprehensive,":[88],"inside,":[89],"non-technical":[90],"analysis":[91],"monetary":[94,112,126],"policy":[95,113,127],"strategy,":[96],"institutional":[97],"features":[98],"operational":[100],"procedures":[101],"Eurosystem.":[104],"The":[105,133],"goals":[106],"transmission":[109],"mechanism":[110],"are":[114,117,138],"explored,":[115],"as":[116],"theoretical":[119],"empirical":[121],"results":[122],"underpinning":[123],"'stability-oriented":[125],"strategy'":[128],"adopted":[129],"ECB.":[132],"characteristics":[134],"strategy":[137],"also":[139],"discussed":[140],"comparison":[142],"with":[143],"suggested":[144],"alternatives.":[145]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":5},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":4},{"year":2013,"cited_by_count":8}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2025-10-10T00:00:00"}