of the past two decades. Their findings suggest disproportional emphasis of the ECB on the inflation rates of EMU members … network to assess whether the European Central Bank (ECB) conducted monetary policy between 2002 and 2022 according to the … weighted average of the inflation rates within the European Monetary Union (EMU) or reacted more strongly to the inflation rate …

The EMU accession countries are obliged to fulfill the Maastricht convergence criteria prior to entering the EMU. This … convergence criteria modify optimal monetary policy in an economy facing domestic and external shocks? First, we derive the micro … founded loss function that represents the objective function of the optimal monetary policy not constrained to satisfy the …

-country heterogeneity in labour market institutions for the conduct of monetary policy in a monetary union. We compute responses to an …

We study alternative monetary policy strategies in the presence of the lower bound on nominal interest rates and a low …

-financial spillover effects of foreign monetary policy for all 28 EU countries. Using local projection methods, I show that EU countries … domestic prudential policies can dampen EU countries' exposure to foreign monetary policy and may be a useful tool in the face … of spillovers coming from centre countries and within the EU. …

similarly if two-pillar or price level-targeting monetary policy rules are followed. The Taylor- rule, reacting to inflation and …

We study how monetary policy affects local market competition in a union of countries experiencing different economic …, following monetary policy tightening (easing). …

How is the price level determined in a monetary union when the common monetary policy pegs the nominal interest rate … fiscal policy for the union, but can have very different implications for the effects of fiscal and monetary policy. We …

the background of this discussion, the paper then examines the implications for the ECB's monetary policy strategy. In … globalisation influence the choice of the ECB's monetary policy objective and instruments? ... …This paper assesses how globalisation has shaped the economic environment in which the ECB operates and discusses …