A New Wave of ECB’s Unconventional Monetary Policies: Domestic Impact and Spillovers

A New Wave of ECB’s Unconventional Monetary Policies: Domestic Impact and Spillovers
ECB President Draghi’s Jackson Hole speech in August 2014 arguably marked a new phase of unconventional monetary policies (UMPs) in the euro area. This paper examines the market impact and tranmission channels of this new wave of UMPs using a modified event study framework. They are found to have a more prominent impact on inflation expectations... READ MORE...

Publication date: January 2018
ISBN 9781484338544
$18.00

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