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Gros, Daniel - 2003

10 countries from Central and Eastern Europe (CEEC) that will join the EU in 2004/7 the banking system is now dominated …

Persistent link: https://www.econbiz.de/10011508110

Asymmetries in the trans-Atlantic monetary policy relationship : does the ECB follow the Fed?

Belke, Ansgar (contributor); Gros, Daniel (contributor) - 2005

The belief that the ECB follows the US Federal Reserve in setting its policy is so entrenched with market participants and commentators that the search for empirical support would seem to be a trivial task. However, this is not the case. We find that the ECB is indeed often influenced by the...

Persistent link: https://www.econbiz.de/10002749782

Coherence of output gaps in the euro area : the impact of the Covid-19 shock

Haan, Jakob de; Jacobs, Jan; Zijm, Renske - 2022

Using the measures proposed by Mink et al. (2012), we reexamine the coherence of business cycles in the euro area using a long sample period. We also analyze the impact of the COVID-19 pandemic on business cycle coherence and examine whether our measures for business cycle coherence indicate a...

Persistent link: https://www.econbiz.de/10013168003

The ECB After the Crisis : Existing Synergies Among Monetary Policy, Macroprudential Policies and Banking Supervision

Cassola, Nuno - 2019

The prolonged crisis exposed the vulnerability of a monetary union without a banking union. The Single Supervisory Mechanism (SSM), which started operating in November 2014, is an essential step towards restoring banks to health and rebuilding trust in the banking system. The ECB is today...

Persistent link: https://www.econbiz.de/10012858961

Climate Change and Monetary Policy in the Euro Area

Drudi, Francesco; Mönch, Emanuel; Holthausen, Cornelia; … - 2021

This paper analyses the implications of climate change for the conduct of monetary policy in the euro area. It first investigates macroeconomic and financial risks stemming from climate change and from policies aimed at climate mitigation and adaptation, as well as the regulatory and fiscal...

Persistent link: https://www.econbiz.de/10013210835

One size must fit all : national divergences in a monetary union

Gros, Daniel; Hefeker, Carsten - 2000

decisions on the EU-wide average of inflation and growth or should it instead focus on (appropriately weighted) national rates …

Persistent link: https://www.econbiz.de/10009781604

The Working of the Eurosystem : Monetary Policy Preparations and Decision-Making - Selected Issues

Moutot, Philippe; Jung, Alexander; Mongelli, Francesco Paolo - 2021

The ECB's monetary policy has received considerable attention in recent years. This is less the case, however, for its regular monetary policy preparation and decision-making process. This paper reviews how the factors usually considered as critical for the success of a central banking system...

Persistent link: https://www.econbiz.de/10013316885

Euro area imbalances

Mink, Mark; Jacobs, Jan; Haan, Jakob de - 2016

We argue that if currency union member states have different potential output per capita, output growth rates, or trade balances, the common monetary policy may not be optimal for all of them. Euro area imbalances for potential output and for trade balances are quite large, while output growth...

Persistent link: https://www.econbiz.de/10011587915

A Tale of Three Crises : Synergies between ECB Tasks

Kok, Christoffer; Mongelli, Francesco Paolo; … - 2022

events heralded significant reforms of the EU’s governance and financial architecture. On the tail of these two crises, the … sequence of financial reforms has improved the sector’s ability to deal with major macro-financial shocks at the EU/euro area … that during the same period major developments within the EU non-bank financial sector were observed. The COVID19 crisis …

Persistent link: https://www.econbiz.de/10013491770