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Financial Systems and the Role of Banks in Monetary Policy Transmission in the Euro Area

Ehrmann, Michael - 2010

This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based on this, several hypotheses about the role of banks in monetary policy transmission are developed. Many of the predictions that have been proposed for the U.S. are deemed...

Persistent link: https://www.econbiz.de/10013134951

Financial Systems and the Role of Banks in Monetary Policy Transmission in the Euro Area

Ehrmann, Michael - 2016

Persistent link: https://www.econbiz.de/10012991292

Financial systems and the role of banks in monetary policy transmission in the euro area

Sevestre, Patrick; Martinez-Pages, Jorge; Gambacorta, … - 2001

Persistent link: https://www.econbiz.de/10010295715

Financial systems and the role of banks in monetary policy transmission in the euro area

Ehrmann, Michael; Gambacorta, Leonardo; Martinéz … - 2001

Persistent link: https://www.econbiz.de/10011604151

Financial systems and the role of banks in monetary policy transmission in the euro area

Sevestre, Patrick; Martinez-Pages, Jorge; Gambacorta, … - Deutsche Bundesbank - 2001

Persistent link: https://www.econbiz.de/10005083236

Financial Systems and the Role of Banks in Monetary Policy Transmission in the Euro Area

Ehrmann, Michael; Gambacorta, Leonardo; … - Banco de España - 2001

Persistent link: https://www.econbiz.de/10008520568

Fynancial Systems and the Role of Banks in Monetary Policy Transmission in the Euro area

Ehrmann, Michael; Gambacorta, Leonardo; Jorge … - Banca d'Italia - 2001

Persistent link: https://www.econbiz.de/10005113613

Financial systems and the role of banks in monetary policy transmission in the euro area

Ehrmann, Michael; Gambacorta, Leonardo; Martínez … - 2001

Persistent link: https://www.econbiz.de/10011419463

Point targets, tolerance bands, or target ranges? : inflation target types and the anchoring of inflation expectations

Ehrmann, Michael - 2021

Inflation targeting is implemented in different ways – most often by adopting point targets, by having tolerance bands … target types affect the anchoring of inflation expectations at shorter horizons differently. It tests two contradictory …. This suggests that there are some benefits to adopting intervals, but the central bank can anchor inflation expectations …

Persistent link: https://www.econbiz.de/10012508768

Point targets, tolerance bands, or target ranges? : inflation target types and the anchoring of inflation expectations

Ehrmann, Michael - 2021

Inflation targeting is implemented in different ways - most often by adopting point targets, by having tolerance bands … target types affect the anchoring of inflation expectations at shorter horizons differently. It tests two contradictory …. This suggests that there are some benefits to adopting intervals, but the central bank can anchor inflation expectations …

Persistent link: https://www.econbiz.de/10012519532