Bletzinger, Tilman; Wieland, Volker - House of Finance, Goethe Universität Frankfurt am Main - 2013
On July 4, 2013 the ECB Governing Council provided more specific forward guidance than in the past by stating that it expects ECB interest rates to remain at present or lower levels for an extended period of time. As explained by ECB President Mario Draghi this expectation is based on the...
