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The ECB Forum on Central Banking is an annual event organised by the European Central Bank which has been held in the beautiful surroundings of Sintra, Portugal, since 2014. It provides a unique opportunity for central bank governors, academics, high-level financial market representatives,...
Persistent link: https://www.econbiz.de/10015297743
The ECB Forum on Central Banking is an annual event organised by the European Central Bank which has been held in the beautiful surroundings of Sintra, Portugal, since 2014. It provides a unique opportunity for central bank governors, academics, high-level financial market representatives,...
Persistent link: https://www.econbiz.de/10015297754
consequences for inflation of setting interest rates aimed at mitigating financial losses, showing that such a strategy would lead … to substantially higher inflation rates. Overall, our findings confirm that a central bank's willingness to accept …
Persistent link: https://www.econbiz.de/10015321131
This paper analyses price formation in medium- to longer-term maturity segments of euro area and US inflation … inflation expectations in the two currency areas before and during the crisis. We find a somewhat stronger anchoring of … inflation expectations in the euro area than in the United States. During the crisis, the degree of anchoring of inflation …
Persistent link: https://www.econbiz.de/10015301859
This paper discusses the recent wave of research that has emphasized the importance of measures of consumers' inflation … expectations. In contrast to other measures of expected inflation, such as for experts or financial market participants, consumers …' inflation expectations capture the broader distribution of societal beliefs about inflation. This research has revealed very …
Persistent link: https://www.econbiz.de/10015276479
The increasing weight of open market transactions in central bank operations and the widening use of purchase agreements underlines a progress towards convergence of monetary policy instruments and procedures in EU countries. This paper presents a survey of features of open market operations...
Persistent link: https://www.econbiz.de/10005641236
This paper provides empirical evidence on the use of monetary policy instruments and procedures (MPIP) in EU countries. In particular, it focuses on three important issues which arise in this context. Fist, we examine the structural position of the EU money markets. Second , evidence is...
Persistent link: https://www.econbiz.de/10005641237
The management report is an integral part of the ECB's Annual Accounts and is designed to provide readers with contextual information related to the financial statements. Given that the ECB's activities and operations are undertaken in support of its policy objectives, its financial position and...
Persistent link: https://www.econbiz.de/10015285233
The ECB is part of the Eurosystem, the primary objective of which is to maintain price stability. The ECB's main tasks, as described in the Statute of the ESCB, comprise the implementation of the monetary policy of the European Union, the conduct of foreign exchange operations, the management of...
Persistent link: https://www.econbiz.de/10015290876
The purpose of this framework is to describe the role of the Eurosystem in the field of oversight. It updates and replaces the earlier Eurosystem oversight policy framework of July 2011 in view of significant regulatory and institutional changes and market developments that have affected the...
Persistent link: https://www.econbiz.de/10015293588