Zobrazeno 1 - 2
of 2
pro vyhledávání: '"monetary policy, unconventional monetary measures"'
Autor:
Marco Casiraghi, Giuseppe Ferrero
We explain why the macroeconomic effects of shocks to inflation of the same size, but opposite sign, are not necessarily symmetric. All in all, the costs of deflation and disinflation tend to exceed those of inflation due to the presence of constrain
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::e699f97692599a64effb821a64438cdb
http://www.bancaditalia.it/pubblicazioni/qef/2015-0268/QEF_268.pdf
http://www.bancaditalia.it/pubblicazioni/qef/2015-0268/QEF_268.pdf
The Impact of Unconventional Monetary Policy on the Italian Economy During the Sovereign Debt Crisis
Publikováno v:
SSRN Electronic Journal.
We assess the impact on the Italian economy of the main unconventional monetary policies adopted by the ECB in 2011-2012 (SMP, 3-year LTROs and OMTs) by following a two-step approach. We evaluate their effects on money market interest rates, governme
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b23d77e95df018c9b930824a138ca9d3
https://doi.org/10.2139/ssrn.2405451
https://doi.org/10.2139/ssrn.2405451
