Similar Search Results

Announcements of ECB unconventional programs : implications for the sovereign spreads of stressed euro area countries

Falagiarda, Matteo; Reitz, Stefan - In: Journal of international money and finance 53 (2015), pp. 276-295

Persistent link: https://www.econbiz.de/10011475970

The macroeconomic impact of financial fragmentation in the euro area : which role for credit supply?

Bijsterbosch, Martin; Falagiarda, Matteo - In: Journal of international money and finance 54 (2015), pp. 93-115

Persistent link: https://www.econbiz.de/10011476080

Economic Structures 20 Years into the Euro

Sondermann, David - 2019

strengthened national economic structures were supported by a reformed EU crisis and economic governance framework. However …

Persistent link: https://www.econbiz.de/10012868456

Employment and the Conduct of Monetary Policy in the Euro Area

Brand, Claus; Coenen, Günter; Sondermann, David; … - 2021

price stability is shown to provide flexibility to contribute to the achievement of the EU’s full employment objective …

Persistent link: https://www.econbiz.de/10013210706

The Ecb's Price Stability Framework : Past Experience, and Current and Future Challenges

Cecioni, Martina; Coenen, Günter; Motto, Roberto; le … - 2021

The ECB’s price stability mandate has been defined by the Treaty. But the Treaty has not spelled out what price stability precisely means. To make the mandate operational, the Governing Council has provided a quantitative definition in 1998 and a clarification in 2003. The landscape has...

Persistent link: https://www.econbiz.de/10013210725

The Role of Financial Stability Considerations in Monetary Policy and the Interaction with Macroprudential Policy in the Euro Area

Albertazzi, Ugo; Assouan, Emmanuelle; Tristani, Oreste; … - 2021

Since the European Central Bank’s (ECB’s) 2003 strategy review, the importance of macro-financial amplification channels for monetary policy has increasingly gained recognition. This paper takes stock of this evolution and discusses the desirability of further incremental enhancements in the...

Persistent link: https://www.econbiz.de/10013210834

Digitalisation : Channels, Impacts and Implications for Monetary Policy in the Euro Area

Consolo, Agostino; Cette, Gilbert; Bergeaud, Antonin; … - 2021

The digitalisation workstream report analyses the degree of digital adoption across the euro area and EU countries and … of digital adoption differs across the euro area/EU, implying heterogeneous impacts, with most EU economies currently …. The pandemic has accelerated the use of teleworking: roughly every third job in the euro area/EU is teleworkable, although …

Persistent link: https://www.econbiz.de/10013210842

The Need for an Inflation Buffer in the Ecb's Price Stability Objective – the Role of Nominal Rigidities and Inflation Differentials

Consolo, Agostino; Koester, Gerrit; Nickel, Christiane; … - 2021

The existence of nominal rigidities and inflation differentials between countries offers two of the main rationales for an inflation buffer in a monetary union where monetary policy is oriented towards an area-wide inflation objective. Evidence accumulated since 2003 suggests that nominal...

Persistent link: https://www.econbiz.de/10013210848

Structural Features of Distributive Trades and Their Impact on Prices in the Euro Area

Anderton, Robert; Meyler, Aidan; Gattini, Luca; … - 2021

The distributive trades, consisting of wholesaling and retailing, are a key sector of the economy. As the main interface between producers and consumers, the sector is particularly important from a monetary policy point of view: this is where most consumer goods prices are ultimately set....

Persistent link: https://www.econbiz.de/10013316047

Economic Structures 20 Years into the Euro

Sondermann, David; Consolo, Agostino; Gunnella, Vanessa; … - 2021

strengthened national economic structures were supported by a reformed EU crisis and economic governance framework. However …

Persistent link: https://www.econbiz.de/10013322232