, but offered a softer defence in the face of the disinflationary forces that hit the euro area in its aftermath. The …

Through the euro area crisis, financial fragmentation across jurisdictions became a prime concern for the single … the credit intermediation chain is significant and quite heterogenous across the largest euro area countries. The … introduction of global portfolio frictions on euro area government bond holdings by international investors opens up for a larger …

We analyse the implications of asymmetric monetary policy rules by estimating Markovswitching DSGE models for the euro …

speeches. To carry out the analysis, we construct the Euro Area Monetary Policy Event-Study Database (EA-MPD). This database …, is a contribution on its own right and we expect it to be the standard in monetary policy research for the euro area. …