Monetary policy when one size does not fit all

The European Central Bank recently raised its target interest rate for the first time since the 2008 financial crisis. When compared with a simple interest rate rule, this rate hike appears consistent with the euro area's nascent economic recovery and rising inflation. However, economic conditions vary greatly among the countries in the euro area and the ECB's new target rate may not be suitable for all of them.

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Year of publication:	2011
Authors:	Nechio, Fernanda
Published in:	FRBSF Economic Letter. - Federal Reserve Bank of San Francisco. - 2011, 18
Publisher:	Federal Reserve Bank of San Francisco
Subject:	Monetary policy - Europe \| European Central Bank

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Extent:	text/html application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009141704