Bogdan, Capraru; Romeo, Ihnatov Iulian - In: Annals of Faculty of Economics 3 (2009) 1, pp. 509-514
: In this paper we intend to highlight the limits of ECB in managing the macroeconomic shocks in the Euro zone. We consider that in the last months the ECB monetary policy rate loses its effectiveness and, consequently, should be offset by other measures