Euro Area Monetary Policy in Uncharted Waters.

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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Bibliographic Details
Main Author: Stavrev, Emil
Other Authors: Harjes, Thomas, Cihák, Martin
Format: eBook
Language:English
Published: Washington : International Monetary Fund, 2009.
Series:IMF Working Papers.
Subjects:
2008-2009
Monetary policy > European Union countries > Econometric models.
Global Financial Crisis, 2008-2009.
Financial crises > European Union countries > Econometric models.
Banks and banking, Central > European Union countries > Econometric models.
Banks and banking, Central > Econometric models
Financial crises > Econometric models
Monetary policy > Econometric models
European Union countries
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