Type
Article
Titre
Challenges ahead for EMU monetary policy
Dans
In-depth analysis
Volume
2019
Résumé
EN
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.

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