Stempel, Daniel; Zahner, Johannes - 2022 - Draft: August 15, 2022
network to assess whether the European Central Bank (ECB) conducted monetary policy between 2002 and 2022 according to the …In the euro area, monetary policy is conducted by a single central bank for 19 member countries. However, countries are … members for the vast majority of the time frame considered (80%). We argue that this result stems from a tendency of the ECB …