A number of contributions to research on monetary policy have suggested that policy should be asymmetric near the lower bound on nominal interest rates. As inflation and economic activity decline, policy should ease more aggressively than it would in the absence of the lower bound. As activity...

L'ouvrage réalise une analyse pluridisciplinaire dʹune institution devenue incontournable sur le territoire de lʹUnion européenne. Lʹaccroissement des missions confiées à la Banque centrale européenne suscite de nombreuses interrogations. Le présent ouvrage a pour ambition dʹy apporter...