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This paper, using a microfounded macroeconomic model that embeds the key features of the Greek economy, studies the … ECB, like the PEPP, for the Greek economy? Do they help the real economy and, if yes, by how much? What would have …
Persistent link: https://www.econbiz.de/10012650611
economy and fiscal policy remains active, there is no room left for further quasi-fiscal actions by the ECB; there will be …
Persistent link: https://www.econbiz.de/10014331713
Persistent link: https://www.econbiz.de/10012267206
Persistent link: https://www.econbiz.de/10012267247
After the financial crisis of 2008, central banks around the world have increased their communication efforts to reach consumers, with the aim of both guiding and anchoring their inflation expectations. For the expectations channel of monetary policy to work as intended, central banks need a...
Persistent link: https://www.econbiz.de/10014383922