The notes in this compilation analyse the potential side effects of the ECB expanded asset purchase programme (Quantitative Easing or QE) by focusing on the channels through which monetary policy may affect the distribution of income and wealth, e.g by favouring financial rather than labour...

At the press conference following the ECB Governing Council meeting of 3 December 2015, the President of the ECB Mario Draghi reiterated the readiness of the ECB to adopt, if necessary, additional measures - in terms of size, composition and duration of the of the asset purchase programme EAPP -...

The notes in this compilation by key monetary experts discuss the main financial stability threats of unconventional monetary policies in an environment of low interests rates and the interrelation between financial stability and monetary policy at the current juncture. The notes have been...

The notes in this compilation prepared by key monetary experts explore the different ways in which globalisation could have an impact on inflation and monetary policy transmission channels. The growing integration of production processes, commodity price shifts and the reduced ability of wage...

The notes in this compilation by key monetary experts discuss the main financial stability threats of unconventional monetary policies in an environment of low interests rates and the interrelation between financial stability and monetary policy at the current juncture. The notes have been...

With the European Parliament's 7th legislative (2004-2009) term coming to an end, the notes of this compilation reflect on the working of the Monetary Dialogue exercise. The notes assess the actual activity of information exchange between the European Parliament and the ECB, review the past five...

Decentralised ledger technology has enabled cryptocurrencies to become a new form of money that is privately-issued, digital and that permits peer-to-peer transactions. However, the current volume of transactions in such cryptocurrencies is still too small to make them serious contenders to...

Decentralised ledger technology has enabled cryptocurrencies to become a new form of money that is privately-issued, digital and that permits peer-to-peer transactions. However, the current volume of transactions in such cryptocurrencies is still too small to make them serious contenders to...

The costs related to the payment of the interest and principal on the European Union debt issued to finance the non-repayable part of post-pandemic recovery programme must be covered by the EU budget. It is therefore crucial for the EU to understand how these costs could evolve up to 2058, when...

The costs related to the payment of the interest and principal on the European Union debt issued to finance the non-repayable part of post-pandemic recovery programme must be covered by the EU budget. It is therefore crucial for the EU to understand how these costs could evolve up to 2058, when...