TARGET is the payments system for making settlements between euro area economies and five other EU economies. Cross-border transactions generate claims/surpluses and liabilities/deficits among national central banks which "net out" for the system as a whole. These imbalances are manageable in...

The notes in this compilation address the pros and cons associated with the extension of ECB quantitative easing programme of asset purchases. The notes have been requested by the Committee on Economic and Monetary Affairs as an input for the February 2017 session of the Monetary Dialogue.

The notes in this compilation address the pros and cons associated with the extension of ECB quantitative easing programme of asset purchases. The notes have been requested by the Committee on Economic and Monetary Affairs as an input for the February 2017 session of the Monetary Dialogue.

The notes in this compilation prepared by key monetary experts explore the different ways in which globalisation could have an impact on inflation and monetary policy transmission channels. The growing integration of production processes, commodity price shifts and the reduced ability of wage...

Large-scale asset purchase programmes are a form of monetary policy in which market interest rates are reduced by different amounts at different maturities - and lower them at the long rates that affect investment and consumption decisions. They are designed to stimulate spending by increasing...

Large-scale asset purchase programmes are a form of monetary policy in which market interest rates are reduced by different amounts at different maturities - and lower them at the long rates that affect investment and consumption decisions. They are designed to stimulate spending by increasing...

TARGET is the payments system for making settlements between euro area economies and five other EU economies. Cross-border transactions generate claims/surpluses and liabilities/deficits among national central banks which "net out" for the system as a whole. These imbalances are manageable in...