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Reconciling the macro and micro evidence on the effects of monetary policy

The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency. ....

United States , Jesse Wursten , Isabel Schnabel , Robert Lucas , Mikhail Golosov , Peter Karadi , Jean Tirole , Lawrence Summers , Raphael Schoenle , Paul Krugman , Research Conference , Microdata Analysis Network , Executive Board , Jean Monnet Lecture , Beatrice Weder , Governing Council , European System , Central Banks , Price Setting Microdata Analysis Network , Great Inflation ,