Altavilla, Carlo; Boucinha, Miguel; Peydró, José-Luis - 2017
We analyse the impact of standard and non-standard monetary policy measures on bank profitability. For empirical … identification, the analysis focuses on the euro area, thereby exploiting substantial bank and country heterogeneity within a … market prices. Our results show that monetary policy easing - a decrease in short-term interest rates and/or a flattening of …