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Challenges ahead for EMU monetary policy

Author

Listed:
  • Christophe Blot

    (Observatoire français des conjonctures économiques)

  • Jérôme Creel

    (Observatoire français des conjonctures économiques)

  • Paul Hubert

    (Observatoire français des conjonctures économiques)

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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  • Christophe Blot & Jérôme Creel & Paul Hubert, 2019. "Challenges ahead for EMU monetary policy," Sciences Po publications info:hdl:2441/5udjblpuik8, Sciences Po.
  • Handle: RePEc:spo:wpmain:info:hdl:2441/5udjblpuik8sp8d8qljh06m7ng
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    Keywords

    EMU monetary policy; Monetary policy developments; Fiscal policy;
    All these keywords.

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