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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Xehetasun bibliografikoak
Egile nagusia: Stavrev, Emil
Beste egile batzuk: Cihak, Martin, Harjes, Thomas
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2009.
Saila:IMF Working Papers; Working Paper ; No. 2009/185
Sarrera elektronikoa:Full text available on IMF