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A model-based assessment of the macroeconomic impact of the ECB’s monetary policy tightening since December 2021

Author

Listed:
  • Motto, Roberto
  • Montes-Galdón, Carlos
  • Ristiniemi, Annukka
  • Saint Guilhem, Arthur
  • Zimic, Srečko
  • Darracq Pariès, Matthieu

Abstract

This box analyses the macroeconomic implications of monetary policy tightening so far, drawing on a suite of models employed at the ECB. JEL Classification: C32, E52, E58

Suggested Citation

  • Motto, Roberto & Montes-Galdón, Carlos & Ristiniemi, Annukka & Saint Guilhem, Arthur & Zimic, Srečko & Darracq Pariès, Matthieu, 2023. "A model-based assessment of the macroeconomic impact of the ECB’s monetary policy tightening since December 2021," Economic Bulletin Boxes, European Central Bank, vol. 3.
    • Handle: RePEc:ecb:ecbbox:2023:0003:6
    Note: 364643
    as

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    References listed on IDEAS

    as
    1. Mazelis, Falk & Motto, Roberto & Ristiniemi, Annukka, 2023. "Monetary policy strategies for the euro area: optimal rules in the presence of the ELB," Working Paper Series 2797, European Central Bank.
    2. Coenen, Günter & Karadi, Peter & Schmidt, Sebastian & Warne, Anders, 2018. "The New Area-Wide Model II: an extended version of the ECB’s micro-founded model for forecasting and policy analysis with a financial sector," Working Paper Series 2200, European Central Bank.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Monetary policy tightening;

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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