impact of the crisis and of the ECB’s monetary policy measures on banks’ funding situation and bank lending conditions …

Using a New-Keynesian framework, we investigate how far the inflationary processes in member states of EMU cause …

Using a New-Keynesian framework, we investigate how far the inflationary processes in member states of EMU cause …

This report discusses the role of the European Union's full employment objective in the conduct of the ECB's monetary … policy. It first reviews a range of indicators of full employment, highlights the heterogeneity of labour market outcomes … rise to a temporary trade-off between employment and inflation stabilisation, the ECB's medium-term orientation in pursuing …