Euro Area, importers bear the main burden of the uncertainty. Mainly affected are countries like Germany, Italy, and the …

This study analyses the effects of euro area monetary policy on equity risk premia (ERP). We find that changes in … equity prices during periods of accommodative monetary policy mainly reflected adjustments in the discount factor and … declined much since the introduction of unconventional monetary policy and stands higher than prior to the GFC. Use of …

We analyze the economic performance of di§erent monetary policy strategies, or rules, in a low interest rate … environment, using simulations with a DSGE model which has been estimated for the euro area. We study how often the e§ective lower … bound of interest rates (ELB) is likely to bind, and how much forgone monetary policy accommodation this entails …

conditions (Delphic shocks) and news on future monetary policy shocks (Odyssean shocks). These two shocks move the yield curve in …

This paper examines the reaction of house prices in a panel of euro area countries to monetary policy surprises over … expansionary monetary policy shocks that can be related to unconventional policy measures. In the core countries including Ireland …

We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over … the period 2003Q1-2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy … economy in the logit submodel. Together with a more pronounced transmission of monetary policy shocks in the crisis state …

We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over … the period 2003Q1-2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy … underlying state of the economy in the logit submodel. Together with a more pronounced transmission of monetary policy shocks in …