Mayes, David G.; Virén, Matti - Suomen Pankki - 2004
largely unresponsive to smaller divergences. It thus appears that the ECB and its predecessors have been avoiding 'fine …, the degree to which monetary policy has been asymmetric. It shows in particular that monetary policy has been much more … zone. Similarly monetary policy has responded to threats of large positive and negative output gaps but has remained …