Narrow search
Showing 1 - 10 of 134
Cover Image
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
Cover Image
Price Adjustment in the Euro Area in the Low-Inflation Period : Evidence from Consumer and Producer Micro Price Data
Gautier, Erwan; Karadi, Peter; Amann, Juergen; … - 2023
This paper documents five stylised facts relating to price adjustment in the euro area, using various micro price datasets collected in a period with relatively low and stable inflation. First, price changes are infrequent in the core sectors. On average, 12% of consumer prices change each...
Persistent link: https://www.econbiz.de/10014353273
Cover Image
Enhancing Climate Resilience of Monetary Policy Implementation in the Euro Area
Aubrechtova, Jana; Heinle, Elke; Porcel, Rafel Moyà; … - 2023
Central banks around the world are increasingly monitoring climate change risks and how these affect their balance sheets and their monetary policy transmission. The European Central Bank (ECB) extensively reviewed its monetary policy implementation framework in 2020-21 to better account also...
Persistent link: https://www.econbiz.de/10014353833
Cover Image
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
Cover Image
Euro Area Fiscal Policies and the Crisis
van Riet, Ad - 2010
In mid-September 2008, a global financial crisis erupted which was followed by the most serious worldwide economic recession for decades. As in many other regions of the world, governments in the euro area stepped in with a wide range of emergency measures to stabilise the financial sector and...
Persistent link: https://www.econbiz.de/10012758043
Cover Image
Russia, EU Enlargement and the Euro
Polanski, Zbigniew - 2015
This paper reviews selected aspects of economic relations between the EU and Russia, focusing on the impact that the … last two waves of EU enlargement have had on Russia, as well as the role of the euro in Russia. The analysis suggests that … if EU enlargement has had any diversion effects on trade between the EU and Russia at all, they have been minimal, while …
Persistent link: https://www.econbiz.de/10012750208
Cover Image
Protectionist Responses to the Crisis - Global Trends and Implications
Bussière, Matthieu - 2014
In this paper we take a systematic look at recent trends in global protectionism and at the potential implications of a protectionist backlash for economic growth, using results from the recent economic literature and new model simulations. We find that there has so far been a moderate increase...
Persistent link: https://www.econbiz.de/10012751064
Cover Image
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
Cover Image
Understanding Low Wage Growth in the Euro Area and European Countries
Nickel, Christiane - 2019
growth and provides comparable analyses on wage developments in the euro area as a whole and in individual EU countries. The …
Persistent link: https://www.econbiz.de/10012863649
Cover Image
A Fiscal Capacity for the Euro Area : Lessons from Existing Fiscal-Federal Systems
Burriel, Pablo - 2020
After the financial and economic crisis in Europe, a broad consensus has emerged that a stronger fiscal dimension may be needed to complete the architecture of Economic and Monetary Union (EMU). This paper analyses the performance of interregional transfers in existing fiscal-federal systems,...
Persistent link: https://www.econbiz.de/10012837540