ECB vs Bundesbank: Diverging Tones and policy Effectiveness

The present paper studies the consequences of conflicting narratives for the transmission of monetary policy shocks. We focus on conflict between the presidents of the ECB and the Bundesbank, the main protagonists of monetary policy in the euro area, who often disagreed on policy over the past two d...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 20-2018)
Main Authors: Tillmann, Peter, Walter, Andreas
Format: Article
Published: Philipps-Universität Marburg 2018
Online Access:PDF Full Text
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MAGKS - Joint Discussion Paper Series in Economics