The ECB monetary policy strategy and the money market
نویسندگان
چکیده
منابع مشابه
Money and monetary policy: The ECB experience
The paper analyses the practical experience of monetary analysis at the ECB since its beginning. The analysis is based on both a narrative description of the internal briefing and a quantitative evaluation of the forecast exercise. We exploit a rich data basis containing the vintages of data and models over the period in order to evaluate the role of money in the input and the output of monetar...
متن کاملMoney and monetary policy: The ECB experience 1999-2006
The paper analyses the practical experience of monetary analysis at the ECB since its beginning. The analysis is based on both a narrative description of the internal briefing and a quantitative evaluation of the forecast exercise. We exploit a rich data basis containing the vintages of data and models over the period in order to evaluate the role of money in the input and the output of monetar...
متن کاملStock Market Uncertainty and the Analysis of Monetary Policy shock
Policy makers impose policies to improve economy circumstance in order to achieve economic goals. However, the consequence of these policies along with the intended goals will also influence expectations, fluctuations, etc., and cause changes in levels of uncertainty. The important role of the stock market in the economy, makes it important to examine its uncertainty and its interaction with mo...
متن کاملAsset Prices and ECB Monetary Policy
The ECB and the Eurosystem should normally take asset-price movements and potential asset-price bubbles into account only to the extent these are deemed to have an impact on the ination and output-gap forecasts that should guide monetary policy. Asset prices should not be separate target variables, additional to ination and the output gap. The explicit or implicit objective of nancial stabil...
متن کاملThe Impact of Monetary Policy on the Stock Market Returns and Instability: Comparison of Monetary Policy Tools in Iran
After the recent financial crisis, especially the financial crisis 2008, This raises the important question of what is the role of monetary policy in occurrence and prevention of the financial instability? so, this paper investigate the dynamics impact of monetary policy on the stock market returns and instability using Structural Vector Autoregression (SVARs) model During the period 1992:q2...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Journal of Finance & Economics
سال: 2001
ISSN: 1076-9307,1099-1158
DOI: 10.1002/ijfe.163