Demary, Markus; Hüther, Michael - In: IW-Trends : die vierteljährliche Zeitschrift zur … 45 (2018) 1, pp. 31-48
The monetary policy of the European Central Bank is under fire from two sides. While one side regards the ECB …’s monetary policy as too expansionary, the other holds it responsible for keeping the measured inflation rate below target. This … inflation. To do this, the present paper analyses the effectiveness of monetary policy through its various transmission channels …