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Persistent link: https://www.econbiz.de/10008822448
Following the twin crises of sovereign debt and COVID-19, the ECB risks being stuck in a situation of fiscal dominance, in which monetary policy is subordinated to the needs of finance ministers. A strong post-COVID-19 recovery may increase inflationary pressures, requiring a shift towards a...
Persistent link: https://www.econbiz.de/10012672360
Persistent link: https://www.econbiz.de/10011668381
Over the last two decades, income disparities between EU member states tended to decline, particularly before the … financial crisis. While Central and Eastern Europe caught up with the EU average, Southern Europe fell behind after 2009. Catch …
Persistent link: https://www.econbiz.de/10012507827
In 2022, the European Central Bank (ECB) introduced the Transmission ProtectionInstrument (TPI) to counter the risk of financial fragmentation following the normalisation ofmonetary policy. The ECB has specified conditions under which the TPI can be activated.This paper examines these conditions...
Persistent link: https://www.econbiz.de/10014422607