Economics at your fingertips  

Challenges for the ECB in times of deflation

Francesco Saraceno ()

ILO Working Papers from International Labour Organization

Abstract: This paper highlights how European Monetary Union (EMU) governance, as designed by the Maastricht Treaty and subsequent modifications, is unfit to deliver sound and effective macroeconomic management that is conducive to sustained and sustainable economic prosperity for all Europeans.

Keywords: monetary policy; economic recession; deflation; banking; impact evaluation; fiscal policy; EMU; politique monétaire; récession économique; déflation; activité bancaire; évaluation de l'impact; politique fiscale; UEM; política monetaria; recesión económica; deflación; actividad bancaria; evaluación de impacto; política fiscal; UEM (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac and nep-mon
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Published in Employment working paper series

Downloads: (external link) (application/pdf)

Related works:
Working Paper: Challenges for the ECB in Times of Deflation (2015) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in ILO Working Papers from International Labour Organization Contact information at EDIRC.
Bibliographic data for series maintained by Vesa Sivunen ().

Page updated 2019-11-19
Handle: RePEc:ilo:ilowps:994881293402676