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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Stavrev, Emil
Awduron Eraill: Cihak, Martin, Harjes, Thomas
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2009.
Cyfres:IMF Working Papers; Working Paper ; No. 2009/185
Mynediad Ar-lein:Full text available on IMF