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https://doi.org/10.21256/zhaw-22608| Publication type: | Article in scientific journal |
| Type of review: | Peer review (publication) |
| Title: | Complexity, uncertainty, and monetary policy : can the ECB avoid the unconventional becoming the ‘new normal’? |
| Authors: | Hartwell, Christopher A. |
| et. al: | No |
| DOI: | 10.1515/ev-2019-0021 10.21256/zhaw-22608 |
| Published in: | The Economists’ Voice |
| Volume(Issue): | 16 |
| Issue: | 1 |
| Issue Date: | 25-Nov-2019 |
| Publisher / Ed. Institution: | De Gruyter |
| ISSN: | 1553-3832 |
| Language: | English |
| Subjects: | EURO; European Central Bank; Monetary policy; Complexity |
| Subject (DDC): | 332.1: Banks |
| Abstract: | Worries about Italy and the unresolved issue of euro governance–coupled with uncertainty surrounding Brexit–means that the European Central Bank (ECB) may already be facing its next crisis in the euro area. Unfortunately, the ECB is still fighting the last war, deploying the tools of unconventional monetary policy to address lingering problems while unable institutionally to address needed structural change. This paper looks at theECB as an institution amongst institutions and shows how even more unconventional approaches will not help to bolster the economy of the euro area. Indeed, given the complexity of money, the effects of expectations, and continued uncertainty, expanding the ECB’s unconventional arsenal is likely to have deleterious consequences across Europe. |
| Further description: | Erworben im Rahmen der Schweizer Nationallizenzen (http://www.nationallizenzen.ch) |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/22608 |
| Fulltext version: | Published version |
| License (according to publishing contract): | Licence according to publishing contract |
| Departement: | School of Management and Law |
| Organisational Unit: | International Management Institute (IMI) |
| Appears in collections: | Publikationen School of Management and Law |
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| File | Description | Size | Format | |
|---|---|---|---|---|
| 2019_Hartwell_Complexity-Uncertainty-and-Monetary-Policy-ECB.pdf | 371 kB | Adobe PDF |  View/Open |
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Hartwell, C. A. (2019). Complexity, uncertainty, and monetary policy : can the ECB avoid the unconventional becoming the ‘new normal’? The Economists’ Voice, 16(1). https://doi.org/10.1515/ev-2019-0021
Hartwell, C.A. (2019) ‘Complexity, uncertainty, and monetary policy : can the ECB avoid the unconventional becoming the ‘new normal’?’, The Economists’ Voice, 16(1). Available at: https://doi.org/10.1515/ev-2019-0021.
C. A. Hartwell, “Complexity, uncertainty, and monetary policy : can the ECB avoid the unconventional becoming the ‘new normal’?,” The Economists’ Voice, vol. 16, no. 1, Nov. 2019, doi: 10.1515/ev-2019-0021.
HARTWELL, Christopher A., 2019. Complexity, uncertainty, and monetary policy : can the ECB avoid the unconventional becoming the ‘new normal’? The Economists’ Voice. 25 November 2019. Bd. 16, Nr. 1. DOI 10.1515/ev-2019-0021
Hartwell, Christopher A. 2019. “Complexity, Uncertainty, and Monetary Policy : Can the ECB Avoid the Unconventional Becoming the ‘New Normal’?” The Economists’ Voice 16 (1). https://doi.org/10.1515/ev-2019-0021.
Hartwell, Christopher A. “Complexity, Uncertainty, and Monetary Policy : Can the ECB Avoid the Unconventional Becoming the ‘New Normal’?” The Economists’ Voice, vol. 16, no. 1, Nov. 2019, https://doi.org/10.1515/ev-2019-0021.
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