How should the ECB ‘normalise’ its monetary policy?
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.
Analiza
Autorzy zewnętrzni
Grégory CLAEYS, Maria DEMERTZIS (Bruegel)
O tym dokumencie
Rodzaj publikacji
Słowo kluczowe
- analiza ekonomiczna
- bilans
- EKONOMIA
- Europejski Bank Centralny
- FINANSE
- gospodarka pieniężna
- instytucje UE i europejska służba publiczna
- jednolita polityka walutowa
- makroekonomia
- PRZEDSIĘBIORSTWO I KONKURENCJA
- rachunkowość
- stabilność finansowa
- stosunki walutowe
- strefa euro
- swobodny przepływ kapitału
- UNIA EUROPEJSKA