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
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Publisher
International Monetary Fund
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Language
English
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Publisher
International Monetary Fund
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Contents
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 an...
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Full title
A New Wave of ECB's Unconventional Monetary Policies: Domestic Impact and Spillovers
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TN_cdi_gale_infotraccpiq_536092097
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_gale_infotraccpiq_536092097
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ISSN
1018-5941
DOI
10.5089/9781484338544.001
