How should the ECB ‘normalise’ its monetary policy?
Analisi approfondita
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.
Analisi approfondita
Autore esterno
Grégory CLAEYS, Maria DEMERTZIS (Bruegel)
Informazioni sul documento
Tipo di pubblicazione
Parole chiave
- analisi economica
- Banca centrale europea
- bilancio di società
- ECONOMIA
- economia monetaria
- FINANZE
- gestione contabile
- IMPRESA E CONCORRENZA
- istituzioni dell'Unione europea e funzione pubblica europea
- libera circolazione dei capitali
- macroeconomia
- politica monetaria unica
- relazioni monetarie
- stabilità finanziaria
- UNIONE EUROPEA
- zona euro