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Persistent link: https://www.econbiz.de/10014391720
Article 3 TEU without prejudice to the objective of price stability. For this purpose, the ECB can pursue various objectives …-neutral manner, the ECB can and should do more to assist with the creation of the multidimensional non-neutral monetary policy …
Persistent link: https://www.econbiz.de/10015371356
course it has maintained for too long. The policies of the ECB in recent months and announcements about the next steps also …
Persistent link: https://www.econbiz.de/10014233697
The ECB decision to cut its benchmark interest rate in November 2013 has been severely criticised in Germany. Against … this background, the President of the Bundesbank justified the ECB's monetary policy stance in recent speeches. At the same …
Persistent link: https://www.econbiz.de/10010228435
In September 2012, in order to save the euro, the Governing Council of the European Central Bank (ECB) announced … monetary policy, leading to a controversial integration with fiscal policy and endangering the ECB’s independence as well as …
Persistent link: https://www.econbiz.de/10009743056
The ECB is a central bank with a high level of transparency. However, it still does not publish voting records or … effectiveness of the ECB’s monetary policy could be enhanced by enlarging its transparency. This is especially necessary if the …
Persistent link: https://www.econbiz.de/10009682579
. The straightforward solution for the ECB would be to sell the once purchased bonds, as they are the source of the extra … debt certificates by the ECB as an alternative way of absorbing liquidity. …
Persistent link: https://www.econbiz.de/10012663221
This paper analyses the European Central Bank's (ECB) challenge in applying a uniform interest rate across the … economically diverse Eurozone using the Taylor Rule. The analysis reveals that the ECB's one-size-fits-all interest rate often … recent inflation spike. The findings suggest a significant mismatch between the ECB's actual rates and those recommended by …
Persistent link: https://www.econbiz.de/10015070835
ECB President Christine Lagarde and others have suggested that climate change creates risks for price stability and for … legal mandate as well as the underlying rationale for this mandate and for ECB independence call for prioritising price …
Persistent link: https://www.econbiz.de/10013343438
The ECB's government bond purchases have become an issue for the German constitutional court. The authors see the OMT … programme as falling within the bounds of its mandate but call for the ECB's crisis policies to be strictly temporary. They … crisis countries and argue that the conditions for forbidden monetary government financing are not met - provided the ECB …
Persistent link: https://www.econbiz.de/10010190547