The Policy Insight can be found here.
| 来源类型 | VoxEU Column |
| 规范类型 | 评论 |
| Subjective beliefs, deterrence, and the propensity to drive while intoxicated | |
| Yiqun Chen; Frank Sloan | |
| 发表日期 | 2014-12-15 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | In the face of the zero lower bound, the ECB’s reduced its balance sheet by a third. This column introduces a new CEPR Policy Insight by former central-bank governor Athanasios Orphanides, which argues that the outcome has been economic stagnation and harmful disinflation. It explores alternative explanations for this policy, including the role of politics in managing the Eurozone crisis and proposes balance-sheet policy to help fulfil the ECB’s mandate in the face of the Fed’s tightening. |
| 正文 | The Policy Insight can be found here. |
| 主题 | Monetary Policy |
| 关键词 | Ecb Fed |
| URL | https://cepr.org/voxeu/columns/subjective-beliefs-deterrence-and-propensity-drive-while-intoxicated |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/551128 |
| 推荐引用方式 GB/T 7714 | Yiqun Chen,Frank Sloan. Subjective beliefs, deterrence, and the propensity to drive while intoxicated. 2014. |
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