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Challenges ahead for EMU monetary policy

Abstract : 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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Preprints, Working Papers, ...
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https://hal-sciencespo.archives-ouvertes.fr/hal-03403244
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Submitted on : Tuesday, October 26, 2021 - 9:59:25 AM
Last modification on : Monday, March 21, 2022 - 2:47:54 PM
Long-term archiving on: : Thursday, January 27, 2022 - 6:43:02 PM

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

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