This paper deals with the voting rules in the EU Council. Both internal and external impact of the voting rules are … between the main decision-making bodies in the EU. One of the main lessons of the analysis is clearly to explain why the …

The EMU accession countries are obliged to fulfill the Maastricht convergence criteria prior to entering the EMU. This … convergence criteria modify optimal monetary policy in an economy facing domestic and external shocks? First, we derive the micro … founded loss function that represents the objective function of the optimal monetary policy not constrained to satisfy the …

of monetary policy rules, for three different interest rates as the dependent variable. The results indicate that the … method but, rather, the monetary policy rule applied and the interest rate used. That is, the results differ if …

evaluating monetary policy of central banks. As an extensive empirical analysis of the ECB's past behaviour still seems to be in … monetary policy in the euro area in the recent past and answer questions like whether the ECB has actually followed a … its infancy, we estimate several instrument policy reaction functions for the ECB which might shed some light on actual …

differently. A break in the ECB's communication from 2016 onwards makes it necessary to adjust the identification of monetary …This paper shows that a different communication style of the European Central Bank (ECB) affects stock prices … policy surprises in the euro area. By modifying the high-frequency identification of monetary policy shocks in the euro area …

sovereign debt crisis. Since 2014, the ECB engaged in accommodative/unconventional monetary policy to restore funding conditions … priority for the transmission of monetary policy to the real economy. However, SMEs experienced a credit crunch following the … presence of expansionary monetary policy, firms with high debt to assets are less likely to be credit constrained. The …

that both standard and non-standard measures of the ECB’s accommodating monetary policy alleviated banks’ funding … monetary policies of the European Central Bank (ECB) mitigated the disruption in bank lending between 2008 and 2014. We show … are small and financially constrained. As such, we show that the ECB was successful in doing so, with the implementation …