It is the monetary policy strategy — in short, the framework that a central bank uses to translate relevant information into actions and to publicly explain such actions — that really matters when it comes to affecting market expectations and, indirectly, economic behaviour and outcomes....
FRANKFURT, Dec. 18 (Xinhua) -- The European Central Bank (ECB) could allow more flexibility in communicating the inflation target to the public as it reviews the current monetary policy framework, Benoit Coeure, the outgoing member of the ECB executive board said on Wednesday. The ECB's infla...
The ECB's Governing Council has decided to take further steps to include climate change considerations in the euro system's monetary policy framework. The ECB said it will take climate factors into consideration in its monetary policy operations.■...
“With our monetary policy decisions in June and in particular in September, we have transitioned from a monetary policy framework based predominantly on passive provision of liquidity to a more active and controlled management of our balance sheet,” Draghi said. “This means that it is now chan...
Since the outbreak of the global financial crisis in 2008, many economies have been forced to adopt new policy methods in order to maintain price level and financial market stability. Among the world’s largest central banks, the ECB was the last one to start applying unconventional monetary po...
ECBannounces changes to the operational framework for implementing monetary policy monetary policy EU Interest Rates ECB time: 2024-03-21 13:01:31 views: 30470 Statement by theECBGoverning Council on advancing the Capital Markets Union capital market ...
2、《A tale of two decades: the ECB’s monetary policy at 20》O网页链接二、 如果只对货币政策工具感兴趣(包括对手方、抵押品、公开市场操作、ECB“粉”、各种资产购买计划),可以直接阅读以下两篇:1、《The use of the Eurosystem’s monetary policy instruments and operational framework since 2012》O...
ECBannounces changes to the operational framework for implementing monetary policy monetary policy EU Interest Rates ECB time: 2024-03-21 13:01:31 views: 17563 Statement by theECBGoverning Council on advancing the Capital Markets Union capital market ...
Previous studies have shown that the effectiveness of monetary policy depends, to a large extent, on the market expectations of its future actions. This paper proposes an econometric framework to address the effect of the current state of the economy on monetary policy expectations. Specifically, we...
The ECB Governing Council makes decisions on eurozonemonetary policy, including its objectives, key interest rates and the supply of reserves in the Eurosystem comprising the ECB and national central banks of the eurozone countries. It also sets the general framework for the ECB's role in banking...