From a monetary policy perspective, critically evaluate the actions that the ECB has taken in the past few years so as to ensure that this target is achieved.

Macroeconomic

Assessment guidance

The European Central Bank’s stated monetary aim is to ensure price stability , keeping the Harmonised Index of Consumer Prices (a measure of inflation) below but close to 2%.

You can read more on this here: https://www.ecb.europa.eu/mopo/strategy/html/index.en.html

In order to answer the below question you will need to use:

Data from the ECB so as to support your answer.

At least 10 journal papers of your choice (and reference them appropriately)

The request:

1) From a monetary policy perspective, critically evaluate the actions that the ECB has taken in the past few years so as to ensure that this target is achieved.

Present (data) evidence covering:

a. The equilibrium in the money market

b. The balance of payments (use the total current account)c. The exchange rates between Euro and a currency of your choice

2) Provide your own evaluation of whether the current ECB actions are sufficient for the inflation target to be achieved in the view of the COVID-19 disruption. Explain what actions have been taken and what could be taken, in your own opinion. Support your views with data evidence (as well as evidence from the academic literature).

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