They study the effects of monetary shocks in a model of state-dependent price and wage adjustment based on “control costs”… https://www.ecb.europa.eu//pub/pdf/scpwps/ecb.wp2272~38362298bc.en.pdf
To increase competitiveness is the main driver for higher potential growth. Member states have to pursue politics and establish institutions that stimulate the dynamics of a competitive private sector… https://www.ecb.europa.eu//press/key/date/2019/html/ecb.sp190406~f2af7b707b.en.html
Speech by Benoît Cœuré at the Banque de France Symposium & 34th SUERF Colloquium on the occasion of the 20th anniversary of the euro on “The Euro Area: Staying the Course through Uncertainties”,Paris, 29 March 2019. https://www.ecb.europa.eu//press/key/date/2019/html/ecb.sp190329~da3110cea9.en.html
This study analyses whether the ability of the euro area banking system to withstand potential shocks while minimising taxpayers’ costs has changed in the ten years since the financial crisis as a consequence of the impact of post-crisis reforms on
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The Governing Council of the European Central Bank (ECB) has withdrawn its recommendation to amend Article 22 of the Protocol on the Statute of the European System of Central Banks (ESCB) and of the ECB regarding the extension of its
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Real GDP growth remained unexpectedly sluggish in the fourth quarter of 2018, and recent indicators point to substantially weaker than previously expected activity also in the first half of 2019. https://www.ecb.europa.eu//pub/projections/html/ecb.projections201903_ecbstaff~14271a62b5.en.html
http://www.bancaditalia.it/media/bce-comunicati/documenti/2019/ecb.pr190221.it.pdf
https://www.ecb.europa.eu//press/accounts/2019/html/ecb.mg190221~0f3dd919fa.en.html
Respondents to the ECB Survey of Professional Forecasters (SPF) for the first quarter of 2019 reported point forecasts for annual HICP inflation averaging 1.5%, 1.6% and 1.7% for 2019, 2020 and 2021, respectively. These results represent downward revisions of 0.2
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The European Central Bank (ECB) issued a working paper that discusses the implications for optimal monetary policy when rates are at (or close) to their effective lower bounds. In these cases, central banks often turn to communication about the future path
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