Autori
Creel, Jerome
Blot, Cristophe
Bozou, Caroline

Titolo
Monetary policy during the pandemic: fit for purpose?
Periodico
Politica economica
Anno: 2021 - Fascicolo: 3 - Pagina iniziale: 289 - Pagina finale: 312

We review the ECB measures since the start of the COVID-19 crisis, i.e. the extension of APP and the introduction of PEPP. We show that APP announcements have helped steer inflation expectations upward. We also show that PEPP has alleviated fragmentation risk. Finally, we show that since the mid-2000s, ECB measures have had real effects on euro area unemployment rates, nominal effects on inflation rates and financial effects on banking stability.



SICI: 1120-9496(2021)3<289:MPDTPF>2.0.ZU;2-L
Testo completo: https://www.rivisteweb.it/download/article/10.1429/103964
Testo completo alternativo: https://www.rivisteweb.it/doi/10.1429/103964

Esportazione dati in Refworks (solo per utenti abilitati)

Biblioteche ACNP che possiedono il periodico