This paper comments on the main challenges stemming from the strong Euro for ECB monetary policy. For this purpose, it … towards the Euro exchange rate. Does exchange rate orientation of monetary policy represent a violation of the ECB¡¯s mandate …? Searching for the exchange rate benchmark: what exactly is the equilibrium rate to target? Influencing the euro¡¯s real exchange …

of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the …

of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the …

This paper briefly assesses the effectiveness of the different non-standard monetary policy tools in the Euro Area. Its … countries of the Euro Area. The second main part of the paper assesses which other tools the ECB could use in order to stimulate … the economy in the Euro Area. It does so by delivering details on whether and how the effectiveness of the ECB’s policies …

The purpose of this article is to deliver new estimates of the sacrifice ratio of Euro area countries. A high sacrifice … ratios and hence, on average, indicate relatively modest costs of structural adjustments in the Euro area. …

In the debate on global imbalances, the euro area countries did not receive much attention so far. While the current …