Fabris, Nikola - In: Journal of Central Banking Theory and Practice 13 (2024) 1, pp. 27-42
turnaround in monetary policy pursuits and a rapid rise in reference interest rates. The FED reacted much faster than the ECB and … an attempt to stop the recession. The degree of expansiveness of monetary policy was unprecedented. As a result of … of contractionary policies. The subject of the paper's analysis is the monetary policy of key central banks, as well as …