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Challenges ahead for EMU monetary policy


With the economic slowdown in the euro area, questions arise as to whether the ECB retains some economic and political margins for manoeuvre after a decade of active policies. In this note, we highlight three possible monetary policy developments. We discuss their pros and cons according to four dimensions: political constraints, technical constraints, independence and interactions with fiscal policy.
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hal-03403244 , version 1 (26-10-2021)



Christophe Blot, Jérôme Creel, Paul Hubert. Challenges ahead for EMU monetary policy. 2019. ⟨hal-03403244⟩
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