The notes in this compilation analyse the potential side effects of the ECB expanded asset purchase programme (Quantitative Easing or QE) by focusing on the channels through which monetary policy may affect the distribution of income and wealth, e.g by favouring financial rather than labour...

With the European Parliament's 7th legislative (2004-2009) term coming to an end, the notes of this compilation reflect on the working of the Monetary Dialogue exercise. The notes assess the actual activity of information exchange between the European Parliament and the ECB, review the past five...

The five briefing papers included in this compilation assess and comments on the ECB's new responsibilities as a supervisory authority. The papers examine the overall position of the ECB and the various roles of the ECB in the new institutional framework as well as its relationship with other...

The notes in this compilation - prepared by selected monetary policy experts - analyse similarities and differences in the crisis reaction of the ECB, the FED and the BoE as well as the reasons for the different reactions (institutional set up, economic reasons etc.). In this context, the notes...

The notes in this compilation - prepared by selected monetary policy experts - analyse similarities and differences in the crisis reaction of the ECB, the FED and the BoE as well as the reasons for the different reactions (institutional set up, economic reasons etc.). In this context, the notes...

The papers of this compilation comment on the pros and cons of central banks exiting from unconventional monetary policy strategies (UMPs), i.e. close to zero interest rates and massively increased balance sheets. The issue of policy coordination between major central banks and the risk...

The ECB has played and will continue to play an important role in granting financial assistance to the so called programme countries. Together with the Commission and the IMF, the ECB is not only part of the 'troika' reviewing the progress made by the countries supported, but also, the...

The ECB has played and will continue to play an important role in granting financial assistance to the so called programme countries. Together with the Commission and the IMF, the ECB is not only part of the 'troika' reviewing the progress made by the countries supported, but also, the...

The notes in this compilation discuss the challenges for ECB monetary policy stemming from the recent appreciation of the Euro in the context of a nascent euro area recovery. The notes have been requested by the Committee on Economic and Monetary Affairs (ECON) as an input for the July 2014...

The notes in this compilation discuss the challenges for ECB monetary policy stemming from the recent appreciation of the Euro in the context of a nascent euro area recovery. The notes have been requested by the Committee on Economic and Monetary Affairs (ECON) as an input for the July 2014...