Bastidon, Cécile; Gilles, Philippe; Huchet, Nicolas - In: Journal of Central Banking Theory and Practice 5 (2016) 1, pp. 25-52
The 2008 and 2011 crises have durably affected the conditions of monetary policy transmission, particularly in the euro area. However, it is generally considered that the European Central Bank’s (ECB) monetary policy truly became unconventional only at a late stage. Our contribution is...
