We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the … somewhat more important in the later half of the sample, only played a minor role most of the time. Our estimates of ECB … interest rate decisions suggest that the ECB's words (monetary-sector based policy intensions) are not an important determinant …

show that it depends upon the underlying country weighting scheme in the monetary decision process of the ECB whether or …. Finally, we produce an estimate of the actual policy weights the ECB has implicitly attached to each of the member countries …. Developments in small member countries have received more than proportional weights in actual monetary policy decisions of the ECB. …

decision rule of the ECB, we rank different rules according to their ability to aggregate the national counterfactual paths to …

ECB's monetary policies. In order to test this ?ECB-handicap? hypothesis, we perform a meta-analysis of the effects of … these estimated coefficients. We conclude that there is no evidence for the hypothesis that the ECB is handicapped in using …

While the ECB helped mitigate the euro crisis in the aftermath of Lehman, it has stretched its monetary mandate and … moved into fiscal territory. This text describes and summarises the crucial role played by the ECB in the intervention …

The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the …- and under-representation of member countries in the ECB Council might be extreme by the standards of the US Fed and German …