How should the ECB ‘normalise’ its monetary policy?
Detaljna analiza
15-11-2017
Discussions on how the ECB should reduce monetary policy accommodation as growth picks up in the euro area are gaining momentum. Given that the ECB’s main interest rate instrument was constrained by the zero-lower bound, monetary accommodation has also been implemented through a number of unconventional monetary tools, which would have to be phased out. As this is unknown territory, it is important to consider how to do that as well as what the ‘new normal’ in monetary policy should look like.
Detaljna analiza
Vanjski autor
Grégory CLAEYS, Maria DEMERTZIS (Bruegel)
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Vrsta publikacije
Ključna riječ
- bilanca
- EKONOMIJA
- ekonomska analiza
- europodručje
- Europska središnja banka
- EUROPSKA UNIJA
- FINANCIJE
- financijska stabilnost
- institucije EU-a i europska javna služba
- jedinstvena monetarna politika
- makroekonomija
- monetarna ekonomija
- monetarni odnosi
- POSLOVANJE I KONKURENCIJA
- računovodstvo
- slobodno kretanje kapitala