How should the ECB ‘normalise’ its monetary policy?
Analiżi fil-Fond
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.
Analiżi fil-Fond
Awtur estern
Grégory CLAEYS, Maria DEMERTZIS (Bruegel)
Dwar dan id-dokument
Tip ta’ pubblikazzjoni
Kelma għat-tiftix
- analiżi ekonomika
- EKONOMIJA
- ekonomija monetarja
- FINANZI
- il-Bank Ċentrali Ewropew
- IMPRIŻA U KOMPETIZZJONI
- istituzzjonijiet tal-UE u servizz ċivili Ewropew
- karta bilanċjali
- kontabbiltà
- makroekonomija
- moviment liberu tal-kapital
- politika monetarja unika
- relazzjonijiet monetarji
- stabbiltà finanzjarja
- UNJONI EWROPEA
- żona tal-euro