José Manuel González - Páramo : The conduct of monetary policy – lessons from the crisis and challenges for the coming years
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چکیده
It is a pleasure for me to attend the SEACEN-CEMLA Conference, as it offers me a new opportunity to describe and explain to my esteemed colleagues from other parts of the world the experience of the ECB’s monetary policy over the past four years of crisis. I would also like to take the opportunity to discuss with you what I consider to be some of the main challenges that modern central banking will have to face in the future.
منابع مشابه
José Manuel González-Páramo: Monetary and fiscal policies in times of crisis
The economic literature provides useful insights into the nature and causes of the current crisis. I am thinking in particular of the literature highlighting the fragility of equilibria and the possibility of self-fulfilling prophecies. A literature that includes the seminal work of Diamond and Dybvig (1983) on bank runs, which has inspired a large number of papers dealing with financial crises...
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تاریخ انتشار 2011