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Do institutional changes affect business cycles? : evidence from Europe
Canova, Fabio; Ciccarelli, Matteo; Ortega, Eva - 2009
Persistent link: https://www.econbiz.de/10008664762
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Trusting the bankers : a new look at the credit channel of monetary policy
Ciccarelli, Matteo; Maddaloni, Angela; Peydró, José-Luis - 2010
unique Euro area bank lending surveys. Embedding this information within a standard VAR model, we find that: (1) the credit …) during the crisis, credit supply restrictions to firms in the Euro area and tighter standards for mortgage loans in the US …
Persistent link: https://www.econbiz.de/10003993969
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Money demand and the role of monetary indicators in forecasting euro area inflation
Dreger, Christian; Wolters, Jürgen - 2013
predicting euro area inflation. Excess liquidity is measured as the difference between the actual money stock and its fundamental …
Persistent link: https://www.econbiz.de/10011374304
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Heterogeneous transmission mechanism : monetary policy and financial fragility in the euro area
Ciccarelli, Matteo; Maddaloni, Angela; Peydró, José-Luis - 2013
Persistent link: https://www.econbiz.de/10009765457
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On the relationship between public and private investment in the euro area
Dreger, Christian; Reimers, Hans-Eggert - 2014
This paper explores the long run relationship between public and private investment in the euro area in terms of … investment might have restricted private investment and GDP growth in the euro area. The results have strong implications for the … future direction of fiscal austerity programs to combat the euro area debt crisis. …
Persistent link: https://www.econbiz.de/10010246065
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Money demand and the role of monetary indicators in forecasting euro area inflation
Dreger, Christian; Wolters, Jürgen - 2013
Persistent link: https://www.econbiz.de/10009785453
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On the relationship between public and private investment in the euro area
Dreger, Christian; Reimers, Hans-Eggert - 2014
This paper explores the long run relationship between public and private investment in the euro area in terms of … investment might have restricted private investment and GDP growth in the euro area. The results have strong implications for the … future direction of fiscal austerity programs to combat the euro area debt crisis. …
Persistent link: https://www.econbiz.de/10010248168
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On the relationship between public and private investment in the euro area
Dreger, Christian; Reimers, Hans-Eggert - 2014
This paper explores the long run relationship between public and private investment in the euro area in terms of … investment might have restricted private investment and GDP growth in the euro area. The results have strong implications for the … future direction of fiscal austerity programs to combat the euro area debt crisis. …
Persistent link: https://www.econbiz.de/10010252646
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Re-vitalizing money demand in the euro area : still valid at the zero lower bound
Dreger, Christian; Gerdesmeier, Dieter; Roffia, Barbara - 2016
paper re-investigates the stability properties of M3 demandin the euro area in the light of the recent economic crisis. A …
Persistent link: https://www.econbiz.de/10011532681
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M3 money demand and excess liquidity in the euro area
Dreger, Christian; Wolters, Jürgen - 2010
Recent empirical studies have found evidence of unstable long run money demand functions if recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in the ECB strategy has to be doubted. In contrast we present a "stable''...
Persistent link: https://www.econbiz.de/10011518878