As a consequence of asset purchases by the European Central Bank (ECB), longer- term yields in the euro area decline …, and spreads between euro area long-term yields narrow. To assess spillovers of these recent financial developments, we use … (CESEE) and other non-euro area EU member states. These effects are transmitted via the financial channel (mainly through …

We study the effects of the euro area monetary policy on the institutional sectors in Portugal during the period 2000 …:4 2015:4. Our results show that the single monetary policy affected some variables that are proxies for the funding of each … sectors, and financial integration in the euro area had an effect on the funding for the economy: there was a reduction of …

We investigate the e ect of monetary policy on European macroeconomic variables using a small-scale vector … autoregression (VAR) and the "Effective Monetary Stimulus" (EMS). The EMS is a monetary policy metric obtained from yield curve data … that is designed to consistently reflect the overall stance of monetary policy across conventional and uncoventional …

The aim of this paper is to investigate business cycle synchronization between seven candidate countries to the Euro … Area (EA) - Bulgaria, Czech Republic, Croatia, Hungary, Poland, Romania and Sweden - and the Euro Area (EA-12/EA-19 … components for the period 1995Q1-2019Q4. The results point to the existence of a strong business cycle synchronization between …