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Monetary dialogue 2009–2014: Looking backward, looking forward

Author

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  • Ansgar Belke

Abstract

In response to the fi nancial crisis, the ECB has had to adopt new instruments to support the euro area economy and preserve the integrity of the single currency. This has challenged the current framework of the Monetary Dialogue exercise. This paper briefl y assesses the implications of enhanced transparency and “forward guidance” for the effectiveness of the ECB’s policies. It then checks whether the Monetary Dialogue works, and if and how the current Monetary Dialogue framework needs to change in order to fulfi l its goal. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • Ansgar Belke, 2014. "Monetary dialogue 2009–2014: Looking backward, looking forward," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 49(4), pages 204-211, July.
    • Handle: RePEc:spr:intere:v:49:y:2014:i:4:p:204-211
    DOI: 10.1007/s10272-014-0501-3
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    Cited by:

    1. Belke, Ansgar, 2017. "Central bank communication: Managing expectations through the monetary dialogue," Ruhr Economic Papers 692, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    2. Roman Horvath & Dominika Katuscakova, 2016. "Transparency and trust: the case of the European Central Bank," Applied Economics, Taylor & Francis Journals, vol. 48(57), pages 5625-5638, December.

    More about this item

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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