Euro Area Monetary Policy in Uncharted Waters /

Euro Area Monetary Policy in Uncharted Waters /

We analyze the European Central Bank's (ECB's) response to the global financial crisis. Our results suggest that even during the crisis, the core part of ECB's monetary policy transmission-from policy rates to market rates-has continued to operate, but at a decreased efficiency. We al...

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Dettagli Bibliografici
Autore principale:	Stavrev, Emil
Altri autori:	Cihak, Martin, Harjes, Thomas
Natura:	Periodico
Lingua:	English
Pubblicazione:	Washington, D.C. : International Monetary Fund, 2009.
Serie:	IMF Working Papers; Working Paper ; No. 2009/185
Accesso online:	Full text available on IMF

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