Transmission of monetary policy in the euro zone, monitoring via a synthetic indicator
Published on Thursday, February 4, 2016 | Updated on Friday, February 5, 2016
Transmission of monetary policy in the euro zone, monitoring via a synthetic indicator
Summary
The transmission of monetary policy is a key element which the ECB monitors in order to assess how the monetary policies it has set in motion are being transferred to the real economy. The smooth functioning of this mechanism is a necessary condition for achieving the ECB's ultimate objective of price stability.
Topics
- Topic Tags
- Central Banks
- Financial Markets
Authors
María Martínez
BBVA Research - Principal Economist
Juan Navarro