Challenges ahead for EMU monetary policy
Résumé
With the economic slowdown in the euro area, questions arise
as to whether the ECB retains some economic and political
margins for manoeuvre after a decade of active policies. In this
note, we highlight three possible monetary policy
developments. We discuss their pros and cons according to four
dimensions: political constraints, technical constraints,
independence and interactions with fiscal policy.
Domaines
Economies et finances
Fichier principal
2019-challenges-ahead-for-emu-monetary-policy-jcreel.pdf.pdf (393.26 Ko)
Télécharger le fichier
Origine : Fichiers éditeurs autorisés sur une archive ouverte