Showing 1 - 10 of 121
The extraordinary measures taken by the ECB to combat the financial crisis have led many observers to question whether the bank has put its independence at risk. The bank’s vow to do “whatever it takes” to save the euro has added a second (and potentially contradictory) goal alongside its...
Persistent link: https://www.econbiz.de/10010240658
Persistent link: https://www.econbiz.de/10011548334
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/10003974148
Persistent link: https://www.econbiz.de/10009659522
At the height of the European sovereign debt crisis, the European Central Bank decided to purchase distressed European government bonds. Even worse, and more importantly, the ECB is providing direct support of several hundred billions of euros to troubled banks via its normal monetary policy...
Persistent link: https://www.econbiz.de/10009663808
Persistent link: https://www.econbiz.de/10015104897
Persistent link: https://www.econbiz.de/10015102089
below the ECB’s inflation target. Therefore, a readjustment of the infl ation target seems unjustified. Furthermore, as the … ECB can expect inflation to return to its target, it possibly can accelerate tapering its unconventional monetary policy …
Persistent link: https://www.econbiz.de/10011987417
After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by … global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise … monetary policy tightening, inflation upside risks are large. How can central banks restore control – and with it their own …
Persistent link: https://www.econbiz.de/10014289709