The unconventional monetary policy of the European Central Bank: Effectiveness and transmission analysis
Abstract
Since the beginning of the financial crisis in summer 2007, the European Central Bank (ECB) has redirected traditional monetary policy, based on interest rates, to an unconventional monetary policy focused on the quantitative expansion of its balance sheet. In this context, the present paper aims to assess the effectiveness of unconventional monetary policy instruments with regard to inflation and economic growth. To this end, the methodology is...
Paper Details
Title
The unconventional monetary policy of the European Central Bank: Effectiveness and transmission analysis
Published Date
Nov 17, 2019
Journal
Volume
43
Issue
3
Pages
794 - 809
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