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Easy Monetary Policy: Effectiveness and Limits

In: Full Employment and High Growth in Europe

Author

Listed:
  • Mario Baldassarri

    (University of Rome)

  • Francesco Busato

    (Columbia University)

Abstract

We begin the positive part of our analysis with a more expansive monetary policy that pushes the overall level of interest rates toward the low end. The measurements that emerge from this analysis refer, first, to the aggregate data for the 12 countries of the Monetary Union, and then to the “two Europes” (or three, as suggested in Chapter 4 of the book). In this context we evaluate the possibilities that can be offered to the different national realities by a more expansive monetary policy put in place for everyone by the ECB.

Suggested Citation

  • Mario Baldassarri & Francesco Busato, 2003. "Easy Monetary Policy: Effectiveness and Limits," Palgrave Macmillan Books, in: Full Employment and High Growth in Europe, chapter 6, pages 98-116, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-3736-0_6
    DOI: 10.1057/9781403937360_6
    as

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