Unconventional monetary policy should be supported on structural and fiscal fronts – ECB paper
Authors examine the effects of supply- and demand-side policies
A working paper published by the European Central Bank has called for unconventional monetary policy stimulus to be complemented by national efforts on the structural reform and fiscal fronts.
In their paper Policy spillovers and synergies in monetary union, Oscar Arce, Samuel Hurtado and Carlos Thomas analyse the effects of supply- and demand-side policies and the potential synergies between them in an "asymmetric monetary union" that faces a liquidity trap and slow deleveraging processes in
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