Has ECB monetary policies triggered the financial crisis
{"Image DocumentName": "Has ECB monetary policies triggered the financial crisis?", "Image ImageDescription": "Theory and Politics of European Integration Fiscal Policy and Stability Pact. Has ECB monetary policies triggered the financial crisis? Hypothesis: low and \u2018one-fits-all\u2019 interest rate policies have triggered financial crisis, i.e. real estate bubble. Interest rates indeed substantially declined in some countries (e.g. Greece, Italy) But: A deeper analysis suggests that the ECB interest rate policies followed closely what we expect in case of a strict application of \u2018Taylor\u2019s rule\u2019", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}