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The ECB's strategy of inflation targeting as currently practiced requires only minor adjustments to allow the ECB to best provide price stability and support the EU's general economic policies. The key to inflation targeting is a distinct and symmetric inflation target that serves as a benchmark...
Persistent link: https://www.econbiz.de/10012507669
Concerns over rising inequality have heightened in the years following the 2007-09 global financial crisis and, more recently, with the COVID-19 pandemic. This staff discussion paper reviews the historical facts regarding income inequality in Canada, comparing Canada with the United States and...
Persistent link: https://www.econbiz.de/10013336143
Persistent link: https://www.econbiz.de/10014577895
The authors use microdata from the 1999 and 2005 Surveys of Financial Security to identify changes in household debt, and discuss their potential implications for monetary policy and financial stability. They document an increase in the debt-income ratio, which rose from 0.75 to 0.95, on...
Persistent link: https://www.econbiz.de/10003852758
erforderlich. Die expansive Geldpolitik der EZB begünstigt gegenwärtig tendenziell Investitionen treibhausgasintensiver Unternehmen … werden, die allgemeine Wirtschaftspolitik zu unterstützen, sollte die Europäische Zentralbank (EZB) zeitnah klimapolitische …
Persistent link: https://www.econbiz.de/10012515621
The heterogeneity of businesses and households impacts aggregate economic fluctuations and, in turn, is shaped by aggregate fluctuations. This view has emerged over the last decade with strong implications for the transmission and conduct of monetary policy. Our thematic review focuses on key...
Persistent link: https://www.econbiz.de/10012816116