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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
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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
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Monetary-Fiscal Policy Interactions in the Euro Area
Debrun, Xavier; Masuch, Klaus; Vansteenkiste, Isabel; … - 2021
The last review of the ECB’s monetary policy strategy in 2003 followed a period of predominantly upside risks to price stability. Experience following the 2008 financial crisis has focused renewed attention on the question of how monetary and fiscal policy should best interact, in particular...
Persistent link: https://www.econbiz.de/10013210832
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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
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The Implications of Globalisation for the ECB Monetary Policy Strategy
Lodge, David; Everett, Mary; Bandt, Olivier de; … - 2021
This paper assesses how globalisation has shaped the economic environment in which the ECB operates and discusses whether this warrants adjustments to the monetary policy strategy. The paper first looks at how trade and financial integration have evolved since the last strategy review in 2003....
Persistent link: https://www.econbiz.de/10013210849
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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
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The Role of Financial Stability Considerations in Monetary Policy and the Interaction with Macroprudential Policy in the Euro Area
Albertazzi, Ugo; Martin, Alberto; Assouan, Emmanuelle; … - 2023
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/10014354649
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The EU's Open Strategic Autonomy from a Central Banking Perspective. Challenges to the Monetary Policy Landscape from a Changing Geopolitical Environment
Ioannou, Demosthenes; Pérez, Javier J.; Geeroms, Hans; … - 2023
are the latest in a series of episodes that have led the European Union (EU) to develop its Open Strategic Autonomy (OSA … the EU's economic interdependencies and their implications for trade and finance, with a focus on strategically important … this background, the Report discusses relevant aspects of the EU's OSA policy agenda which extend to trade, industrial and …
Persistent link: https://www.econbiz.de/10014351471