LIMITS OF ECB MONETARY POLICIES ON ADJUSTING MACROECONOMIC SHOCKS

Bogdan Capraru and Iulian Ihnatov ()

Annals of Faculty of Economics, 2009, vol. 3, issue 1, 509-514

Abstract: : In this paper we intend to highlight the limits of ECB in managing the macroeconomic shocks in the Euro zone. We consider that in the last months the ECB monetary policy rate loses its effectiveness and, consequently, should be offset by other measures

Keywords: inflation; Euro zone; European Central Bank; monetary policy; macroeconomic shock (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:3:y:2009:i:1:p:509-514

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