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The ECB's policy under the presidency of Mario Draghi: a curse or a blessing for Europe?

Bofinger, Peter - In: European Journal of Economics and Economic Policies: … 17 (2020) 2, pp. 171-182

The paper discusses the monetary policy of the European Central Bank (ECB) under the presidency of Mario Draghi. It first shows the serious mistakes made under his predecessor, Jean-Claude Trichet, during which period the ECB destabilized rather than stabilized. Draghi, on the other hand,...

Persistent link: https://www.econbiz.de/10014363381

The European Central Bank: the time is ripe for a major revision of its strategy

Bofinger, Peter - In: European Journal of Economics and Economic Policies: … 18 (2021) 2, pp. 163-176

define the inflation target explicitly in symmetrical terms. Environmental policy objectives can in principle be reconciled … while 'inflation targeting' offers a relatively simple navigation system for monetary policy discussions. …

Persistent link: https://www.econbiz.de/10014363414

The BMW model : a new framework for teaching monetary macroeconomics in closed and open economies

Bofinger, Peter (contributor); Mayer, Eric (contributor); … - 2003 - rev.

]). Walsh [2002] has criticised that it is not suited for an analysis of inflation targeting. We present the BMW model as an … alternative framework, which develops the Romer approach into a simple macroeconomic model. It can deal with issues like inflation …/LM-based Mundell-Fleming (MF) model. The main advantage of the open-economy BMW model is its ability to discuss the role of inflation …

Persistent link: https://www.econbiz.de/10010498980