The ECB updated its monetary policy strategy for the first time in 18 years in July 2021. Therein, the ECB announced … cycle consolidated about one percentage point below the ECB’s target rate. A temporary asymmetry of the ECB’s monetary …

We assess the macroeconomic impact of pandemic-related monetary policy measures of the ECB. Conditioning on … measured using structural vector autoregressions. In the framework, multiple monetary policy measures may simultaneously be …

We assess the macroeconomic impact of pandemic-related monetary policy measures of the ECB. Conditioning on … measured using structural vector autoregressions. In the framework, multiple monetary policy measures may simultaneously be …

’s (ECB) conventional monetary policy on the real economy. More specifically, the study examines how unanticipated changes in … the ECB’s policy rate have affected unemployment rate and industrial production. The effect of monetary policy on … drastically and become sometimes statistically insignificant, indicating that the effect of the ECB’s conventional monetary policy …

disinflationary. We show how the most defining element of the ECB's monetary policy framework, its characteristic definition of price …The 20th anniversary of Economic and Monetary Union (EMU) offers an opportunity to look back on the ECB's record and … learn lessons that can improve the conduct of policy in the future. This paper charts the way the ECB has defined …

disinflationary. We show how the most defining element of the ECB's monetary policy framework, its characteristic definition of price …The 20th anniversary of Economic and Monetary Union (EMU) offers an opportunity to look back on the ECB's record and … learn lessons that can improve the conduct of policy in the future. This paper charts the way the ECB has defined …

out. Third, over the last decade, the role of economic activity for ECB monetary policy has decreased so that inflation …This paper analyzes the interest rate setting of the European Central Bank (ECB) both before and after the outbreak of … uncertainty driven by heterogeneity in the ECB decision-making body, the governing council. Our results suggest the following …