Rujin, Svetlana; Schmidt, Torsten - In: Wirtschaftsdienst 95 (2015) 3, pp. 186-191
While the U.S. and the U.K. are likely to experience an interest rate turnaround in the near future, monetary conditions in the euro area will remain highly accommodative for a long time. The qualitative and quantitative effects of diverging monetary positions between major central banks are...