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How should the European Central Bank ‘normalise’ its monetary policy?

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  • Grégory Claeys
  • Maria Demertzis

Abstract

This policy contribution was prepared for the Committee on Economic and Monetary Affairs of the European Parliament (ECON) as an input for the Monetary Dialogue of 20 November 2017 between ECON and the President of the ECB. Copyright remains with the European Parliament at all times As the global financial crisis unfolded, the European Central Bank (ECB) and other central banks greatly extended their monetary policy toolboxes and adjusted their...

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  • Grégory Claeys & Maria Demertzis, 2017. "How should the European Central Bank ‘normalise’ its monetary policy?," Policy Contributions 22931, Bruegel.
    • Handle: RePEc:bre:polcon:22931
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    File URL: https://www.bruegel.org/wp-content/uploads/2017/11/PC-31_2017.pdf
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    Cited by:

    1. Ben-Haim, Yakov & Demertzis, Maria & Van den End, Jan Willem, 2018. "Evaluating monetary policy rules under fundamental uncertainty: An info-gap approach," Economic Modelling, Elsevier, vol. 73(C), pages 55-70.
    2. Lehment, Harmen, 2018. "Fiscal implications of the ECB's public sector purchase programme (PSPP)," Kiel Working Papers 2107, Kiel Institute for the World Economy (IfW Kiel).
    3. Zsolt Darvas, 2018. "Forecast errors and monetary policy normalisation in the euro area," Policy Contributions 28816, Bruegel.
    4. Behailu Shiferaw Benti, 2021. "Was the Interest Rate Policy of the ECB too Loose? Insight from a Simple Taylor Rule," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 9(1), pages 19-28.

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