Monetary policy rules and directions of causality: A test for the euro area
نویسندگان
چکیده
منابع مشابه
Lessons for Monetary Policy from the Euro-Area Crisis
The earlier 2007/2008 financial crisis generated the main lessons for monetary policy, notably that price stability does not necessarily guarantee financial stability. Nevertheless, the on-going Eurozone crisis has pointed to further lessons, notably that a single currency covering diverse states does need a Banking Union; and to problems of zero risk-weighting for sovereign debts. Without such...
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ژورنال
عنوان ژورنال: Journal of Post Keynesian Economics
سال: 2015
ISSN: 0160-3477,1557-7821
DOI: 10.1080/01603477.2015.1107495