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was handed over to the European Central Bank. A voluntary rejection of monetary national independence and transition to … previous national currencies. The aim of this work is to present the activity analysis of the ECB and assess changes in the … by the ECB is discussed. The paper also questions whether the ECB activity is far too independent and if so, whether the …
Persistent link: https://www.econbiz.de/10009478178
indexes of transparency reveal a strong rise in the transparency and accountability of monetary policy between 1994 and 2004 …. Inflation and interest rate expectations data and forward interest rate data are used to demonstrate the increased credibility …
Persistent link: https://www.econbiz.de/10009441502
authorities contributes to the Committee’s review of the “measures needed to strengthen the impartiality and independence of … independent authorities and regulatory agencies”. He first reviews the arguments warranting the independence of economic … authorities and supervisors. He then goes on to address the features that conform an institution’s formal independence, detailing …
Persistent link: https://www.econbiz.de/10012525507
contributes to the Committee’s review of the “measures needed to strengthen the impartiality and independence of independent … authorities and regulatory agencies”. He first reviews the arguments warranting the independence of economic authorities and … supervisors. He then goes on to address the features that conform an institution’s formal independence, detailing their specific …
Persistent link: https://www.econbiz.de/10012525707
through inflation targeting. The ECB aims at a target inflation rate below but close to 2%. However, the diversity among the … economists and politicians criticize the ECB for its monetary decision-making, which affects various member states differently … objectives on the ECB decision-making process. The main purpose of this paper is to study the reasoning behind this commonly …
Persistent link: https://www.econbiz.de/10009449317
Artículo de revista ; With the onset of the COVID-19 crisis, the ECB’s Governing Council modified the conditions of the …
Persistent link: https://www.econbiz.de/10013199059
, and use it to estimate the impact of the ECB’s asset purchase programmes in the context of a no-arbitrage affine term …
Persistent link: https://www.econbiz.de/10013482139
, and use it to estimate the impact of the ECB’s asset purchase programmes in the context of a no-arbitrage affine term …
Persistent link: https://www.econbiz.de/10013523637
Despite the recent trend towards greater transparency of monetary policy, in many respects central bankers still prefer … plausible assumption that there is imperfect common knowledge about the degree of central bank transparency, economic outcomes … are affected by both the actual and perceived degree of transparency. It is shown that actual transparency is beneficial …
Persistent link: https://www.econbiz.de/10009442001
asymmetries by simply publishing information. This raises the question of the socially optimal degree of transparency in monetary …, we also examine the question of whether the transparency of the central bank's objectives is desirable from a social … asymmetries by simply publishing information. This raises the question of the socially optimal degree of transparency in monetary …
Persistent link: https://www.econbiz.de/10009476206