Fratzscher, Marcel; Stracca, Livio - European Central Bank - 2009
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ISSN 1725-2806 (online)
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ECB
Working Paper Series No 1064
June 2009
Abstract 4
Non-technical summary 5
1 Introduction 7
2 … Working Paper Series 39
CONTENTS
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ECB
Working Paper Series No 1064
June 2009
Abstract
There is a broad consensus that the … part re�ect
economic developments.
The main results of our study are two:
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ECB
Working Paper Series No 1064
June 2009
(i …