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Should we care about central bank profits? Bruegel Policy Contribution Issue n˚13 | September 2018

Chiacchio, Francesco and Claeys, Grégory and Papadia, Francesco (2018) Should we care about central bank profits? Bruegel Policy Contribution Issue n˚13 | September 2018. [Policy Paper]

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    Abstract

    Central banks are not profit-maximising institutions; their objectives are rather of macroeconomic nature. The European Central Bank’s overriding objective is price stability. Nevertheless, there are three good reasons to conclude that it is preferable for central banks to achieve profits rather than to record losses.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > banks/financial markets
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Policy Contributions
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 14 Sep 2018 13:25
    Number of Pages: 12
    Last Modified: 14 Sep 2018 13:25
    URI: http://aei.pitt.edu/id/eprint/94383

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