The euro area's framework for monetary policy implementation was introduced in 1999. Eleven years on, this volume examines the theoretical and historical underpinnings of the framework, how it has fared in practice, and what challenges it is likely to face in the future. The technology serving the implementation of monetary policy has historically been the exclusive preserve of a narrow group of specialists but the recent global financial crisis brought the issue into the public eye, as the supply of base money exploded while inflation risked turning into deflation. This book addresses all the aspects of monetary policy implementation, with particular emphasis on the European Central Bank and the euro, allowing a more informed assessment of a neglected, but important, aspect of economic life, and a better understanding of the exceptional developments brought about by the financial crisis. Written by the leading money market operators at the European Central Bank who were involved in creating and implementing the framework, and who are still managing monetary policy implementation at the Bank today, this book provides a rare insider account of how the framework has evolved, how it works in practice, and the challenges of monetary policy implementation going forward.

The euro area's framework for monetary policy implementation was introduced in 1999. Eleven years on, this volume examines the theoretical and historical underpinnings of the framework, how it has fared in practice, and what challenges it is likely to face in the future. The technology serving the implementation of monetary policy has historically been the exclusive preserve of a narrow group of specialists but the recent global financial crisis brought the issue into the public eye, as the supply of base money exploded while inflation risked turning into deflation. This book addresses all the aspects of monetary policy implementation, with particular emphasis on the European Central Bank and the euro, allowing a more informed assessment of a neglected, but important, aspect of economic life, and a better understanding of the exceptional developments brought about by the financial crisis. Written by the leading money market operators at the European Central Bank who were involved in creating and implementing the framework, and who are still managing monetary policy implementation at the Bank today, this book provides a rare insider account of how the framework has evolved, how it works in practice, and the challenges of monetary policy implementation going forward.

Two new plays that premiered on the Peacock Stage at the Abbey Theatre in 2000 Down the Line: Dubliners Eve and James Walsh have reared four children. Almost. They have a son who took off to London, a daughter who can't go any further than the front gates without feeling homesick, a younger son orbiting the planet and a younger daughter who is the family's last great hope. A warm and irresistible story of suburban family life by the author of the award-winning Dublin Trilogy, Down the Line premiered on the Peacock Stage of the Abbey Theatre on 28 September 2000.THE HUNT FOR RED WILLIE On a remote stretch of bog in County Donegal in 1829, a local landlord meets his end while in pursuit of the notorious Red Willie. Foul play is suspected and the hunt is on. A farcical romp that casts a warm side-long glance at some of the classic plays of Irish theatre, The Hunt for Red Willie premiered on the Peacock Stage of the Abbey Theatre on 23 November 2000.