“Talking Down Monetary Policy” – A Note

There is a recent debate about whether monetary policy is no longer ef- fective in stimulating demand, a concern often voiced in the euro area. As a response, the ECB warns against \talking down monetary policy" (ECB Vice-President Vitor Constancio, 2016). This note uses a textbook model of...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 26-2016b)
Main Author: Tillmann, Peter
Format: Article
Published: Philipps-Universität Marburg 2016
Online Access:PDF Full Text
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MAGKS - Joint Discussion Paper Series in Economics