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The interest rate pass-through in the euro area during the sovereign debt crisis

Borstel, Julia von; Eickmeier, Sandra; Krippner, Leo - 2015

Persistent link: https://www.econbiz.de/10011342420

What's in a second opinion? : shadowing the ECB and the Bank of England

Neuenkirch, Matthias; Siklos, Pierre L. - 2013

Persistent link: https://www.econbiz.de/10009788857

State-of-play in implementing macroeconomic adjustment programmes in the euro area : short version

Gros, Daniel; Alcidi, Cinzia; Belke, Ansgar; Coutinho, … - 2014

reforms have not yet taken hold. The EU-led macroeconomic adjustment programmes outside the euro area (e.g. Latvia) seem to … finden. Survey-basierte Evidenz legt nahe, dass Strukturreformen bisher kaum gewirkt haben. Die von der EU geführten …

Persistent link: https://www.econbiz.de/10010349252

(When) should a non-euro country join the banking union?

Belke, Ansgar; Dobrza´nska, Anna; Gros, Daniel; Smaga, … - 2016

We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends on the comparison between the assessment of the banking union attractiveness and the robustness of a national safety net. The benefits of opting-in are still only potential and...

Persistent link: https://www.econbiz.de/10011446695

International Effects of Euro Area Forward Guidance

Bock, Maximilian - 2020

This paper explores the domestic and international effects of an increase in observed interest rates (conventional monetary policy) and expected interest rates (forward guidance). We find significant spillovers to a broad range of countries when both are subject to a tightening shock: Output...

Persistent link: https://www.econbiz.de/10012833360

Analyzing Credit Risk Transmission to the Non-Financial Sector in Europe : A Network Approach

Gross, Christian - 2019

We use a factor model and elastic net shrinkage to model a high-dimensional network of European CDS spreads. Our empirical approach allows us to assess the joint transmission of bank and sovereign risk to the non-financial corporate sector. Our findings identify a sectoral clustering in the CDS...

Persistent link: https://www.econbiz.de/10012867909

What's in a Second Opinion? Shadowing the ECB and the Bank of England

Neuenkirch, Matthias - 2014

One way of evaluating how well monetary authorities perform is to provide the public with a regular and independent second opinion. The European Central Bank (ECB) and the Bank of England (BoE) are shadowed by professional and academic economists who provide a separate policy rate recommendation...

Persistent link: https://www.econbiz.de/10013063248

The economic impact of Brexit : evidence from modelling free trade agreements

Belke, Ansgar; Gros, Daniel - 2017

between the UK and the EU27 is large and of a similar order of magnitude as transatlantic trade (between the EU and the US …). The precise nature of the (hopefully free) trade agreement UK-EU-27 is still being negotiated. But all available studies … concur that a significant disruption of trade links will impose economic costs on both sides. However, the EU27 would bear …

Persistent link: https://www.econbiz.de/10011662701

Analyzing credit risk transmission to the non-financial sector in Europe : a network approach

Gross, Christian; Siklos, Pierre L. - 2019

Persistent link: https://www.econbiz.de/10012223991

International effects of euro area forward guidance

Böck, Maximilian; Feldkircher, Martin; Siklos, Pierre L. - 2020

Persistent link: https://www.econbiz.de/10012225241