Challenges ahead for EMU monetary policy

Christophe Blot (), Jerome Creel and Paul Hubert ()
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Christophe Blot: OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po
Paul Hubert: OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po

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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.

Keywords: Fiscal policy; EMU monetary policy; Monetary policy developments (search for similar items in EconPapers)
Date: 2019-09-01
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Working Paper: Challenges ahead for EMU monetary policy (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:spmain:hal-03403244

DOI: 10.2861/370796

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