Evaluating the Macroeconomic Effects of the ECB's Unconventional Monetary Policies
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DOI: 10.1111/jmcb.12628
Abstract: We quantify the macroeconomic effects of the European Central Bank’s unconventional monetary policies using a DSGE model which includes a set of shadow interest rates. Extracted from the yield curve, these shadow rates provide unconstrained… read more here.
Keywords: monetary policies; macroeconomic effects; evaluating macroeconomic; unconventional monetary ... See more keywords