The complexity resulting from intertwined uncertainties regarding model misspecification and mismeasurement of the … of robust policy guides aiming to maintain stability in the economy while recognizing this complexity. We document … simple interest rate rule is employed to interpret ECB policy since 1999. An evaluation of alternative policy rules across 11 …

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

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 …

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 …

. -- Financial Crisis ; Complexity ; Monetary Policy ; Model Uncertainty ; Robust Simple Rules ; ECB …The complexity resulting from intertwined uncertainties regarding model misspecification and mismeasurement of the … of robust policy guides aiming to maintain stability in the economy while recognizing this complexity. We document …

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 …