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Monetary policy between stability and growth

Fabris, Nikola - In: Journal of central banking theory and practice 13 (2024) 1, pp. 27-42

turnaround in monetary policy pursuits and a rapid rise in reference interest rates. The FED reacted much faster than the ECB and …

Persistent link: https://www.econbiz.de/10014496247

The Financial Fragmentation of the Euro Area Is the Main Challenge for the ECB and the Sustainability of the Monetary Union

Dor, Eric - 2019

Persistent link: https://www.econbiz.de/10012860542

Monetary policy disconnect

Ballensiefen, Benedikt; Ranaldo, Angelo; Winterberg, Hannah - 2020 - This version: December 11, 2020

Although designed to support monetary policy, two crucial aspects of the central bank framework can disconnect the monetary policy transmission: banks' access to central bank deposits and Quantitative Easing (QE). We show how both hinder the monetary policy transmission through the main...

Persistent link: https://www.econbiz.de/10012387237

Does the Purchase of Government Bonds by the ECB Endanger its Independence?

Sauer, Beate - 2015

Since May 2010 at the latest, the ECB has been criticized for financing government bonds – at least indirectly – and … for tolerating to be put under pressure by the fiscal side. The ECB itself has justified its securities markets programme … this procedure tantamount to endangering its independence? Or are their noticeable differences between the ECB as the …

Persistent link: https://www.econbiz.de/10013028248

The Transmission of Unconventional Monetary Policy to Bank Credit Supply : Evidence From the TLTRO

Afonso, António - 2019

We assess the transmission of the Targeted Longer-Term Refinancing Operations (TLTRO) to the bank credit supply for the Euro area (2014:05-2018:01) and for Portugal (2011:01-2018:01), using a panel data setup. For the Euro area, we find a positive relationship between the TLTRO and the amount of...

Persistent link: https://www.econbiz.de/10012895300

The ECB Press Conference : A Textual Analysis

Pavelkova, Andrea - 2022

for further analysis. Focusing on the press conferences of the ECB, this paper employs structural topic modelling (STM … Council as well as the ECB’s stance on broader economic issues …

Persistent link: https://www.econbiz.de/10014238980

Leitzinserhöhung der EZB : kein Grund zur Entwarnung

Wieland, Volker - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 103 (2023) 10, pp. 654-655

Persistent link: https://www.econbiz.de/10014391720

The ECB's fiscal policy

Sinn, Hans-Werner - 2018

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 …

Persistent link: https://www.econbiz.de/10011845207

Numismatic and Monetary Aspects of Introducing the Uniform European Union Currency

Matic, Branko - 2008

ones. The planed introduction of uniform currency, due to its complexity, reflections on everyday life of every individual …

Persistent link: https://www.econbiz.de/10012772127

Central Bank Tools and Liquidity Shortages

Cecchetti, Stephen G. - 2010

Persistent link: https://www.econbiz.de/10013138046