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This paper shows that the monetary policy paradigm that was in place before the financial crisis worked very well and that the crisis occurred only after policy makers deviated from that paradigm. The paper also evaluates monetary policy during the financial crisis by dividing the crisis into...
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crisis by means of more decisive action. One response, the recent easing of monetary policy by the European Central Bank (ECB …
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The actions by the European Central Bank (ECB) during the global and European crises have triggered a highly …
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European Central Bank’s (ECB’s) announcement of its Outright Monetary Transactions (OMT) program in 2012. At the same time …
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