{"id":1744,"date":"2011-07-06T07:57:50","date_gmt":"2011-07-06T05:57:50","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=1744"},"modified":"2011-07-06T07:57:50","modified_gmt":"2011-07-06T05:57:50","slug":"ecb-reaction-functions-and-the-crisis-of-2008","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/ecb-reaction-functions-and-the-crisis-of-2008\/","title":{"rendered":"ECB Reaction Functions and the Crisis of 2008"},"content":{"rendered":"<p><a href=\"http:\/\/voxeu.org\/index.php?q=node\/979\" target=\"_blank\">Gerlach, Stefan\u00a0<\/a>\u00a0&amp; <a href=\"http:\/\/voxeu.org\/index.php?q=node\/1053\" target=\"_blank\">Lewis, John<\/a>.<\/p>\n<p>Did the ECB respond quickly enough when the global economy melted down in 2008? The authors of CEPR DP8472 argue that the ECB&#8217;s forward-looking conduct of monetary policy prior to the crisis, with an eye constantly on the zero lower bound, allowed it to react with rapid and deep interest rate cuts after the crisis without bottoming out at the ZLB.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong>Voxeu<\/p>\n<p><a href=\"http:\/\/voxeu.org\/sites\/default\/files\/file\/DP8472.pdf\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gerlach, Stefan\u00a0\u00a0&amp; Lewis, John. Did the ECB respond quickly enough when the global economy melted down in 2008? The authors of CEPR DP8472 argue that the ECB&#8217;s forward-looking conduct of monetary policy prior to the crisis, with an eye constantly on the zero lower bound, allowed it to react with rapid and deep interest rate [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,32],"tags":[26,25],"class_list":["post-1744","post","type-post","status-publish","format-standard","hentry","category-19","category-32","tag-26","tag-25"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/1744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=1744"}],"version-history":[{"count":1,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/1744\/revisions"}],"predecessor-version":[{"id":1745,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/1744\/revisions\/1745"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=1744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=1744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=1744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}