The monetary pillar and the great financial crisis
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- dc.contributor.author Galí, Jordi, 1961-ca
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2017-07-26T10:50:06Z
- dc.date.available 2017-07-26T10:50:06Z
- dc.date.issued 2010-06-01
- dc.date.modified 2017-07-23T02:13:21Z
- dc.description.abstract Since its inception, a most distinctive (and controversial) feature of the ECB monetary policy strategy has been its emphasis on money and monetary analysis, which constitute the basis of the so-called monetary pillar. The present paper examines the performance of the monetary pillar around the recent financial crisis episode, and discusses its prospects in light of the renewed emphasis on financial stability and the need for enhanced macro-prudential policies.
- dc.format.mimetype application/pdfca
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1223
- dc.identifier.uri http://hdl.handle.net/10230/6359
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1223
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword monetary policy strategy
- dc.subject.keyword two pillar strategy
- dc.subject.keyword monetarism
- dc.subject.keyword financial stability.
- dc.subject.keyword Macroeconomics and International Economics
- dc.title The monetary pillar and the great financial crisisca
- dc.type info:eu-repo/semantics/workingPaper