ifo DICE Report 1/2017 (Spring): The Price-Stability-Target in the Eurozone and the European Debt Crisis
ifo Institute, Munich, 2017
Section: Forum – The Price-Stability-Target in the Eurozone and the European Debt Crisis
Seven years of the ongoing European debt crisis have transformed the Eurozone and the European Union, as well as the European Central Bank (ECB) and monetary policy in Europe. Recent years have seen zero or negative interest rates, programmess of generous long-term liquidity provision for commercial banks, and large-scale purchases of government bonds and other securities by the ECB. At the peak of the crisis, ECB President Mario Draghi in July 2012 assured the markets that the ECB would do “whatever it takes” to rescue the Eurozone. The ECB also became heavily involved in the macro-prudential analysis of issues relating to the stability of the financial system, banking supervision, and the possible application of a banking resolution mechanism. Based on these developments, many observers concluded that the ECB’s objectives and responsibilities have broadened, with some observers claiming that the ECB is overstepping its mandate. This setting provided the background for the conference on “The Price-Stability Target in the Eurozone and The European Debt Crisis” jointly organised by ESMT Berlin and the Max-Planck-Institute for Tax Law and Public Finance, which took place at ESMT in Berlin on September 28, 2016, and was co-funded by the Stiftung Geld und Währung. The Forum section of the 1/2017 issue of the ifo DICE Report features the key arguments from these discussions summarised in short essays by conference participants who are leading researchers, policy-makers, and practitioners in the fields of monetary policy, central banking and public finance.
Articles included
Introduction : the price-stability target in the Eurozone and the European Debt Crisis (Forum)
ifo Institute, Munich, 2017
ifo DICE Report 15 (1), 03-04
The Financial Repression Policy of the European Central Bank: Interest Income and Welfare Losses for German Savers
ifo Institute, Munich, 2017
in: ifo DICE Report 15 (1), 05-08
The Effect of Unconventional Fiscal Policy on Consumption Expenditure
ifo Institute, Munich, 2017
in: ifo DICE Report 15 (1), 09-11
Monetary Policy after the Crisis
ifo Institute, Munich, 2017
ifo DICE Report 15 (1), 12-13
Local Asset Price Dynamics and Monetary Policy in the Eurozone
ifo Institute, Munich, 2017
in: ifo DICE Report 15 (1), 14-16
Monetary Policy and Financial Stability
ifo Institute, Munich, 2017
in: ifo DICE Report 15 (1), 17-18
Overburdened Central Banks
ifo Institute, Munich, 2017
in: ifo DICE Report 15 (1), 19-20
Effects and Risks of Unconventional Monetary Policy
ifo Institute, Munich, 2017
in: ifo DICE Report 15 (1), 21-24
Non-Standard Monetary Policy and Financial Stability
ifo Institute, Munich, 2017
in: ifo DICE Report 15 (1), 25-27
How Far Should Unconventional Central Banking Go?
ifo Institute, Munich, 2017
in: ifo DICE Report 15 (1), 28-30
Nothing under the Sun is Forever
ifo Institute, Munich, 2017
in: ifo DICE Report 15 (1), 31-32
How Do Low Interest Rates Affect Financial Institutions and Stability?
ifo Institute, Munich, 2017
in: ifo DICE Report 15 (1), 33-35
Economic and Financial Integration in Europe
ifo Institute, Munich, 2017
in: ifo DICE Report 15 (1), 36-42
Investments in Early Education and Child Outcomes: The Short and the Long Run
ifo Institute, Munich, 2017
ifo DICE Report 15 (1), 43-48
Fathers in Charge? Parental Leave Policies for Fathers in Europe
ifo Institute, Munich, 2017
ifo DICE Report 15 (1), 49-51
Youth Unemployment in Europe
ifo Institute, Munich, 2017
in: ifo DICE Report 15 (1), 52-55
Macroprudential Policies – Motivation, Usage and Effectiveness
ifo Institute, Munich, 2017
in: ifo DICE Report 15 (1), 56-59
Marine Capture Fishery Policies
ifo Institute, Munich, 2017
ifo DICE Report 15 (1), 60-63
New at DICE Database, Conferences, Books
in: ifo DICE Report 15 (1), 64-65