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How are the Eurosystem's Monetary Policy Decisions Prepared? A Roadmap
monetary policy framework price stability objective aggregate economic economic and monetary analyses
2011/8/21
The monetary policy framework of the Eurosystem has received considerable attention in recent years: there is a well-established and rich literature on the price stability objective, as well as the tw...
Structural Econometric Approach to Bidding in the Main ReÖnancing Operations of the Eurosystem
repo auctions monetary policy implementation primary money market market multi unit auctions discriminatory auctions collateral central bank nonparametric estimation
2014/6/25
This paper contributes to the existing literature on central bank repo auctions. It is based on a structural econometric approach, whereby the primitives of bidding behavior (individual bid schedules ...