Ider, Gökhan; Kriwoluzky, Alexander; Kurcz, Frederik; … - 2024
This paper first shows that, contrary to conventional wisdom, the European Central Bank (ECB) can influence global … energy prices. Second, through Lucas critique-robust counterfactual analysis, we uncover that the ECB's ability to affect … that, to optimally fulfill its primary mandate, the ECB should swiftly tighten policy in response to an increase in energy …