MONETARY POLICY IN THE TIME OF COVID-19, OR HOW UNCERTAINTY IS HERE TO STAY
Politica Economica
; 37(3):313-338, 2021.
Article
in English
| Web of Science | ID: covidwho-1925185
ABSTRACT
The COVID-19 crisis has compounded the uncertainty that has come to characterise the European economy. We explore how this uncertainty manifests itself in terms of European Central Bank decision-making and the long-run challenges the ECB faces. Confidence in ECB actions will come from the contingency scenarios it considers and communicates on, and from the adoption of potential policies for a wide range of such scenarios. Greater clarity around the ECB's inflation target and surrounding tolerance bands would also be beneficial.
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Collection:
Databases of international organizations
Database:
Web of Science
Language:
English
Journal:
Politica Economica
Year:
2021
Document Type:
Article
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