This paper reviews the trade-offs involved in the choice of the ECB’s monetary policy operational framework. As long as the ECB’s supply of reserves remains well in excess of the banks’ demand, the ...

In March 2024, the Eurosystem announced changes to its operational framework to ensure that it remains appropriate as the central bank balance sheet continues to decline. The new framework foresees ...

Baker, S. A., Wood, A. W., Rajagopalan, B., Prairie, J., Jerla, C., Zagona, E., Butler, R. A., Smith, R. (2022). "The Colorado River Basin Operational Prediction ...