. By comparison with the Fed, the ECB followed a more measured course of action. We use an estimated dynamic general … are misleading. We find that - because there is greater inertia in the ECB's policy rule - the ECB's policy actions … out to be only a slowdown, and inflation never departed from levels consistent with the ECB's quantitative definition of …

Bank (ECB) provide a natural experiment for this model. Tests of the effect of news announcements on the slope of yield … the ECB during its first six years of operation significantly evolved, with a belief in its inflation aversion increasing …

While the ECB helped mitigate the euro crisis in the aftermath of Lehman, it has stretched its monetary mandate and … moved into fiscal territory. This text describes and summarizes the crucial role played by the ECB in the intervention …

primary objective of the ECB. and the necessary monetary functions and operations of the system are defined in accordance with … standard practice. The maintenance of a stable financial and payments system, however. is not an explicit objective of the ECB …

We evaluate the effects of three ECB policies (the Securities Markets Programme, the Outright Monetary Transactions …, and the Long-Term Refinancing Operations) on government bond yields. We use a novel Kalman-filter augmented event …

amplification in response to domestic shocks or global spillovers and pecuniary externalities caused by Fisherian collateral …