This paper examines whether euro area unconventional monetary policies have affected the loss-absorbing buffers (that … policy tends to weaken our measure of euro area banks' loss-absorbing buffers. On the contrary, further lowering interest … unconventional monetary policies have accrued mostly to banks headquartered in the so-called core euro area countries (Austria …

, deflation and explosive debt paths under monetary dominance. In Italy, a procyclical fiscal policy in downturns due to limited …In most Euro Area countries, fiscal and inflation dynamics arise from the history of recurrent monetary and fiscal …

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 …

We analyse the impact of macroeconomic and monetary policy shocks on corporate credit risk as measured by firms …' probabilities of default (PDs) for the four largest euro area countries. We estimate the impact of shocks on one-year PDs using … monetary policy shocks exert similar, but delayed effects. Firms' responses to shocks vary depending on their characteristics …

Since 2022 the European Central Bank and Danmarks Nationalbank have increased their key monetary policy rates at a … record pace. This study shows that the pass-through to retail rates has been stronger in Denmark than in the euro area so far … household cash-flow channel appears to have been stronger in Denmark compared to the euro area. …

channels of monetary policy in the euro area. When households have heterogeneous MPCs and balance sheets, three … the euro area the three redistribution channels enhance monetary policy - the effects of one time expansionary monetary … policy shocks in stimulating consumption are stronger than in models without heterogeneity. In the euro area, a 1 percent …