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Liquidity provision as a monetary policy tool : the ECB's non-standard measures after the financial crisis

Quint, Dominic; Tristani, Oreste - 2017

We study the macroeconomic consequences of the money market tensions associated with the .nancial crisis in the euro … persistent fall in investment. The shock can account for one third of the observed, large fall in euro area aggregate investment …

Persistent link: https://www.econbiz.de/10011754899

Inflation risk premia in the term structure of interest rates

Hördahl, Peter (contributor); Tristani, Oreste (contributor) - 2007

This paper estimates the size and dynamics of inflation risk premia in the euro area, based on a joint model of …. Our results indicate that term premia in the euro area yield curve reflect predominantly real risks, i.e. risks which …

Persistent link: https://www.econbiz.de/10003422844

Uncertainty shocks, monetary policy and long-term interest rates

Amisano, Gianni; Tristani, Oreste - 2019

We study the relationship between monetary policy and long-term rates in a structural, general equilibrium model estimated on both macro and yields data from the United States. Regime shifts in the conditional variance of productivity shocks, or "uncertainty shocks", are an important model...

Persistent link: https://www.econbiz.de/10012009116