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Important questions concerning the structure and operation of a European Central Bank remain unanswered. Although there …
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to larger bubbles. This comment shows that a central bank that wants to dampen bubbles can always do so by raising …
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response to inflation in the central bank policy rule yield the lowest welfare losses. The findings emphasize the importance of …
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Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those …
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This paper provides a simple weekly model of the regular supply of liquidity in the euro area, with a view to understanding the functioning of the euro area money market. The main result of the analysis is that liquidity has normally been provided by the ECB in a neutral and smooth manner, but...
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to larger bubbles. This comment shows that a central bank that wants to dampen bubbles can always do so by raising …
Persistent link: https://www.econbiz.de/10014480521