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  • 标题:LIMITS OF ECB MONETARY POLICIES ON ADJUSTING MACROECONOMIC SHOCKS
  • 本地全文:下载
  • 作者:Căpraru Sebastian Bogdan Ihnatov Iulian Romeo
  • 期刊名称:Annals of the University of Oradea : Economic Science
  • 印刷版ISSN:1222-569X
  • 电子版ISSN:1582-5450
  • 出版年度:2009
  • 卷号:XVIII
  • 期号:03
  • 出版社:University of Oradea
  • 摘要:In this paper we intend to highlight the limits of ECB in managing the macroeconomic shocks in the Euro zone. We consider that in the last months the ECB monetary policy rate loses its effectiveness and, consequently, should be offset by other measures of economic and social policy. For demonstrating this conclusion we have analyzed inflation rate, GDP growth rate and output gap per country and per Euro zone as a whole.
  • 关键词:inflation, Euro zone, European Central Bank, monetary policy, macroeconomic shock
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