Papers with keyword "unconventional"

A Euro Area Government – A Dream Come True?

This paper studies three important problems that have led to or have aggravated the euro crisis: moral hazard in accumulating debt by sovereigns, lack of macroeconomic policy coordination and stabilization, and macroeconomic imbalances. We use both theoretical and empirical evidence …

Read the abstract ›

Read the comments ›
4 comments

The Euro Area’s Experience with Unconventional Monetary Policy

This paper discusses the role of monetary policies implemented by the European Central Bank (ECB) after the 2008 financial crisis, with a special focus on unconventional measures, analyzing to what extent they influenced Euro area’s macroeconomic performance in the period. …

Read the abstract ›

Read the comments ›
4 comments