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Im Zuge der Aufwertung des Euro gegenüber wichtigen Handelswährungen, insbesondere dem US-Dollar, ist die Europäische … Zentralbank vielfach aufgefordert worden zu intervenieren, um dem Aufstieg des Euro Einhalt zu gebieten und so den befürchteten …
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Nowadays, it is widely believed that greater disclosure and clarity over policy may lead to greater predictability of central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the information provided by a Taylor rule model in which...
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. The most worrisome aspect is that the euro area appears to have stumbled into unconventional monetary policies that, once … started, will be difficult to exit. In the euro area, properly functioning financial markets are at risk. …
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The Greek government budget situation plays a central role in the debt crisis in the euro area. Strong consolidation …
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