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Growth crisis in the EU : challenges and prospects
Halmai, Péter; Vásáry, Viktória - In: Intereconomics : review of European economic policy 45 (2010) 5, pp. 329-336
Persistent link: https://www.econbiz.de/10008659816
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Growth crisis in the EU : challenges and prospects
Halmai, Péter; Vásáry, Viktória - In: Intereconomics : review of European economic policy 45 (2010) 5, pp. 329-336
decline. EU Member States are divided into five country groups, and the potential growth rates of each of these as well as the …
Persistent link: https://www.econbiz.de/10009663816
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An interest stabilisation mechanism to unburden the ECB
Arnold, Ivo J. M. - In: Intereconomics : review of European economic policy 56 (2021) 5, pp. 274-277
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
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The activation conditions of the transmission protection instrument : flawed by design?
Arnold, Ivo J. M. - In: Intereconomics : review of European economic policy 58 (2023) 5, pp. 254-259
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