This Occasional Paper analyses how significant expansions in central banks' mandates, roles and instruments can result in challenges to the independence of monetary policy. The paper reviews, in particular, some of the key challenges to central bank independence brought about by the global...

The paper starts by presenting some stylised facts on youth unemployment over the last two decades, both at the euro area and the country level. It shows that despite declining considerably over the last few years, youth unemployment has remained at a high level relative to other age groups in...

Die Corona-Pandemie und die damit einhergehenden Einschränkungen in fast allen gesellschaftlichen und wirtschaftlichen Bereichen beeinflussen seit einigen Wochen das Leben der Menschen weltweit. Neben der möglichen Strategie, eine Herdenimmunität durch Infizierung von 60 bis 70 Prozent der...