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On 1 June 2018 the ECB celebrated its 20th anniversary. This paper provides a comprehensive view of the ECB's monetary policy over these two decades. The first section provides a chronological account of the macroeconomic and monetary policy developments in the euro area since the adoption of...
Persistent link: https://www.econbiz.de/10011959260
On 1 June 2018 the ECB celebrated its 20th anniversary. This paper provides a comprehensive view of the ECB's monetary policy over these two decades. The first section provides a chronological account of the macroeconomic and monetary policy developments in the euro area since the adoption of...
Persistent link: https://www.econbiz.de/10012895694
financial crisis and speeds up exit from the crisis. The downside of coordination is variability in inflation and in the …
Persistent link: https://www.econbiz.de/10011856525
experience of central banks during the recent global financial crisis confirms that such risks are not purely hypothetical. …
Persistent link: https://www.econbiz.de/10011455880
Persistent link: https://www.econbiz.de/10012833832
Throughout the crisis, the ECB implemented a number of unprecedented measures with a wider and wider reach. These …
Persistent link: https://www.econbiz.de/10012972215
experience of central banks during the recent global financial crisis confirms that such risks are not purely hypothetical …
Persistent link: https://www.econbiz.de/10012998737
Over the past fourteen years, the U.S. Federal Reserve has rescued overleveraged financial companies, purchased trillions of dollars of mortgage-backed securities, and created novel facilities to support ordinary businesses, nonprofits, and local governments. While some argue that the Fed has...
Persistent link: https://www.econbiz.de/10013301921
, financial, and political arenas. Apart from the eurozone crisis and global monetary policy issues, for nearly two years all else … current crisis is the European Monetary Union (EMU) - a monetary union lacking fiscal and political integration. Such partial … divergence and political and social discord across member-states. Given the scale and scope of the eurozone crisis, policy and …
Persistent link: https://www.econbiz.de/10009503821
This paper estimates the effects of unconventional monetary policies on consumer as well as asset price inflation, economic activity and bank lending at the hand of a VAR analysis, covering episodes of balance sheet policies of 9 countries over the last 20 years. While recent episodes of...
Persistent link: https://www.econbiz.de/10010221429