Showing 1 - 10 of 322,155
The ECB's one size monetary policy is unlikely to fit all euro area members at all times, which raises the question of … between actual ECB interest rates and Taylor-rule implied optimal rates at the member state level. Optimal rates explicitly …
Persistent link: https://www.econbiz.de/10010349426
Geldpolitik auch beim Einsatz unkonventioneller Maßnahmen erfolgreich ist? Athanasios Orphanides analysiert die Maßnahmen der Bank …
Persistent link: https://www.econbiz.de/10011901698
information search patterns, of German citizens on trust in the ECB. We rely on a unique representative public opinion survey of …, about the ECB foster citizens trust. Specific knowledge about the ECB is more influential than general monetary policy …, especially newspaper reading, has a significantly negative influence on trust. We conclude that the only viable way for the ECB …
Persistent link: https://www.econbiz.de/10010482584
This study assesses the European Central Bank’s (ECB) crisis management performance and potential for crisis resolution …. The study investigates the institutional and functional constraints that delineate the ECB’s scope for policy action under … that the ECB may well stand out positively when compared to other important euro-area or national authorities involved in …
Persistent link: https://www.econbiz.de/10011349470
of the ECB could thus be reformulated with the introduction of a symmetric 2%-point target. By evaluating this …
Persistent link: https://www.econbiz.de/10012802090
The ongoing policy strategy review presents a unique opportunity for the ECB to examine how to best employ its immense … performance of different Member States that threatens the viability of the EMU. The ECB has the authority and tools to address …
Persistent link: https://www.econbiz.de/10012502029
This article compares two types of monetary policy rules - the Taylor-Rule and the Orphanides-Rule - with respect to their forecasting properties for the policy rates of the European Central Bank. In this respect the basic rules, results from estimated models and augmented rules are compared....
Persistent link: https://www.econbiz.de/10012063951
-Regel - hinsichtlich ihrer Prognosefähigkeit des Leitzinses der Europäischen Zentralbank miteinander. Es werden die Standardregeln …
Persistent link: https://www.econbiz.de/10012034314
We measure the tone (sentiment) of the ECB's Governing Council regarding economic outlook at the time of each monetary … policy meeting and use this information together with the Eurosystem/ECB staff macroeconomic projections to directly estimate … estimations, that the ECB has been either more averse to inflation above 2% ceiling or that the de facto inflation aim has been …
Persistent link: https://www.econbiz.de/10012239727
Due to its official mandate, the European Central Bank (ECB) is assumed to maximize an implied objective function that … objective is – by its very nature – difficult to quantify. My paper tries to decipher information regarding the ECB's objective … Central Bank (ECB)'s mandate does not always appear to be consistent with my findings. Deviations from its primary objective …
Persistent link: https://www.econbiz.de/10012543678