Showing 1 - 10 of 2,068
credibility? With the economy weakening and the risk of recession rising, how far should monetary policy tightening go? Featuring …
Persistent link: https://www.econbiz.de/10014334696
Persistent link: https://www.econbiz.de/10014334700
Persistent link: https://www.econbiz.de/10011695739
Persistent link: https://www.econbiz.de/10014334698
In 2022, the European Central Bank (ECB) introduced the Transmission ProtectionInstrument (TPI) to counter the risk of financial fragmentation following the normalisation ofmonetary policy. The ECB has specified conditions under which the TPI can be activated.This paper examines these conditions...
Persistent link: https://www.econbiz.de/10014459470
extent to which inflation expectations are formed by the announced targets. As the credibility of the central bank increases … target. Credibility enables expectation to be formed in a forward-looking way by weakening its connection with the past. This … study aims to contribute to the literature concerning the effects of credibility on monetary policy. For this purpose, using …
Persistent link: https://www.econbiz.de/10014558525
The extraordinary measures taken by the ECB to combat the financial crisis have led many observers to question whether the bank has put its independence at risk. The bank's vow to do 'whatever it takes' to save the euro has added a second (and potentially contradictory) goal alongside its...
Persistent link: https://www.econbiz.de/10011477720
/Europäische Zentralbank statt. Dabei ging es im Kern um die Frage, ob das Outright-Monetary-Transactions-Programm der EZB mandatswidrig ist …
Persistent link: https://www.econbiz.de/10010327949
Der Erfolg des Euro wird nicht zuletzt durch die Glaubwürdigkeit der Europäischen Zentralbank bestimmt. Worauf gründet …
Persistent link: https://www.econbiz.de/10010301999
Persistent link: https://www.econbiz.de/10011695909