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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

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

What's so Special About Specialisation in the Euro Area?

Mongelli, Francesco Paolo - 2016

Euro area countries exhibited modest convergence prior to the financial crisis and diverged thereafter. Such divergence has been examined from many angles, and various narratives of the crisis have developed. Surprisingly, the gradual transformation of the economic structures of euro area...

Persistent link: https://www.econbiz.de/10012999408

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

The Four Unions 'PIE' on the Monetary Union 'CHERRY' : A New Index of European Institutional Integration

Dorrucci, Ettore - 2015

This paper presents a European Index of Regional Institutional Integration (EURII), which maps developments in European integration from 1958 to 2014 on the basis of a monthly dataset. EURII captures what we call: (i) the “Common Market Era”, which lasted from 1958 until 1993; and (ii) the first...

Persistent link: https://www.econbiz.de/10013030488