How should the ECB ‘normalise’ its monetary policy?
Uitgebreide analyse
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.
Uitgebreide analyse
Externe auteur
Grégory CLAEYS, Maria DEMERTZIS (Bruegel)
Nadere informatie over dit document
Publicatietype
Zoekterm
- balans
- ECONOMIE
- economische analyse
- EU-instellingen en Europese overheid
- Europese Centrale Bank
- EUROPESE UNIE
- eurozone
- financieel beheer
- financiële stabiliteit
- FINANCIËN
- macro-economie
- monetaire betrekkingen
- monetaire economie
- ONDERNEMING EN CONCURRENTIE
- uniek monetair beleid
- vrij verkeer van kapitaal