at Google ScholarTitle data
Drescher, Christian:
The case of the ECB : Better to lean against the wind than to fight a hurricane.
In: Intereconomics.
Vol. 46
(2011)
Issue 4
.
- pp. 197-204.
ISSN 1613-964X
DOI: https://doi.org/10.1007/s10272-011-0383-6
Abstract in another language
In the light of the recent financial crisis, the ECB has announced a slight shift in the reading of its monetary policy strategy and acknowledges that the case for a “leaning against the wind” strategy has strengthened. This implies that now, more than ever, the ECB is willing to dampen asset bubbles in the early stage of their formation. This article explains what the ECB can learn from historical asset bubbles in EU eurozone member countries. The empirical analysis indicates that asset bubbles in some member countries are mostly followed by asset bubbles in further member countries, which supports the ECB’s current reading of its monetary policy strategy
Further data
| Item Type: | Article in a journal |
|---|---|
| Refereed: | Yes |
| Institutions of the University: | Faculties > Faculty of Law, Business and Economics > Department of Economics > Former Professors > Chair Economics I - International Economics and Finance - Univ.-Prof. Dr. Bernhard Herz Faculties Faculties > Faculty of Law, Business and Economics Faculties > Faculty of Law, Business and Economics > Department of Economics Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics I - International Economics and Finance Faculties > Faculty of Law, Business and Economics > Department of Economics > Former Professors |
| Result of work at the UBT: | Yes |
| DDC Subjects: | 300 Social sciences > 330 Economics |
| Date Deposited: | 31 Mar 2015 08:31 |
| Last Modified: | 07 Dec 2023 10:47 |
| URI: | https://eref.uni-bayreuth.de/id/eprint/9530 |