Fahr, Stephan; Motto, Roberto; Rostagno, Massimo; … - 2011
We evaluate the ECB’s monetary policy strategy against the underlying economic structure of the euro area economy, in … side and to the transmission mechanism which complicated the policy process. Emphasis on monetary indicators in the ECB … inflation and growth. After the collapse of financial intermediation in late 2008, the strategy of the ECB was to preserve the …