Non-Standard Monetary Policy Measures – An Update, Monetary Dialogue September 2013

Studie 13-12-2013

Four economists assess the effectiveness of ECB's non-standard monetary policy measures in the euro area and in different Member States and discuss the unintended consequences of these measures as well as the risks for price stability and asset price developments. In the current context of weak economic activity and subdued growth going forward, the papers also address the issues of what other tools/instruments could the ECB use in order to support lending to the private sector and stimulate economic activity in the euro area.