Wischnewsky, Arina; Neuenkirch, Matthias - 2018 - First Draft: June 11, 2018
2003Q1 - 2017Q3 and includes, in addition to the standard variables for real GDP growth, inflation, and the monetary policy …In this paper, we provide evidence for a risk-taking channel of monetary policy transmission in the euro area that … area as a whole, we find for conventional monetary policy shocks that a portfolio reallocation effect towards riskier …