Add to ORKGEurozone monetary governance was framed for a stable macroeconomic environment. While the ECB policy framework changed much after the global financial crisis, this did not prevent important nominal divergences. These ones prove the importance of non-monetary factors affecting relative nominal prices, such as fiscal policy and labor market institutions. New tools are necessary to limit these nominal divergences, otherwise real divergence will continue to weaken the euro. This document was provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs
The design failures of the Eurozone have been recognized quite late and have led the Eurozone policy...
The present paper highlights the imbalances that have characterized the Eurozone during the crisis. ...
In this Policy Contribution prepared for the European Parliament’s Committee on Economic and Monetar...
The first 20 years of the euro were very different from what had been anticipated. Deflation, rather...
New-style central banking in many advanced economies, involving the use of unconventional monetary p...
New-style central banking in many advanced economies, involving the use of unconventional monetary p...
For almost 20 years, euro area countries have been sharing a single currency. The drawbacks of the e...
The 2007 crisis highlighted the drawbacks of the euro area framework which were already there from t...
We estimate a New Keynesian DSGE model for the Euro area under alternative descriptions of monetary ...
With the economic slowdown in the euro area, questions arise as to whether the ECB retains some econ...
The Eurozone countries are still seeking a way out of the crisis that has been affecting the Europea...
The severe crisis that affected the European Monetary Union has emphasized the prevailing interests ...
In contrast to Robert Mundell‘s Optimum Currency Area theory and his recommendation of forming a mon...
This paper describes the monetary policy of the European Central Bank since the birth of the Euro. T...
Senior Non-Resident Fellow Jürgen von Hagen offers his recommendations for the proper monetary polic...
The design failures of the Eurozone have been recognized quite late and have led the Eurozone policy...
The present paper highlights the imbalances that have characterized the Eurozone during the crisis. ...
In this Policy Contribution prepared for the European Parliament’s Committee on Economic and Monetar...
The first 20 years of the euro were very different from what had been anticipated. Deflation, rather...
New-style central banking in many advanced economies, involving the use of unconventional monetary p...
New-style central banking in many advanced economies, involving the use of unconventional monetary p...
For almost 20 years, euro area countries have been sharing a single currency. The drawbacks of the e...
The 2007 crisis highlighted the drawbacks of the euro area framework which were already there from t...
We estimate a New Keynesian DSGE model for the Euro area under alternative descriptions of monetary ...
With the economic slowdown in the euro area, questions arise as to whether the ECB retains some econ...
The Eurozone countries are still seeking a way out of the crisis that has been affecting the Europea...
The severe crisis that affected the European Monetary Union has emphasized the prevailing interests ...
In contrast to Robert Mundell‘s Optimum Currency Area theory and his recommendation of forming a mon...
This paper describes the monetary policy of the European Central Bank since the birth of the Euro. T...
Senior Non-Resident Fellow Jürgen von Hagen offers his recommendations for the proper monetary polic...
The design failures of the Eurozone have been recognized quite late and have led the Eurozone policy...
The present paper highlights the imbalances that have characterized the Eurozone during the crisis. ...
In this Policy Contribution prepared for the European Parliament’s Committee on Economic and Monetar...