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Optimal capital requirements over the business and financial cycles

Malherbe, Frederic (contributor) - European Central Bank - 2015

decisions. In all these economies, a common general equilibrium effect leads to aggregate over-investment. As a result, under … requirement to trade off expected output against financial stability. The capital requirement that ensures investment efficiency …

Persistent link: https://www.econbiz.de/10015298452

Capturing the financial cycle in Europe

Stremmel, Hanno (contributor) - European Central Bank - 2015

Persistent link: https://www.econbiz.de/10015299015

Financial stress and economic dynamics : the transmission of crises; N°1728, September 2014

Hubrich, Kirstin (contributor); Tetlow, Robert (contributor) - European Central Bank - 2014

A financial stress index for the United States is introduced -an index that was used in real time by the staff of the Federal Reserve Board to monitor the financial crisis of 2008-9 and the interaction with real activity, inflation and monetary policy is demonstrated using a richly parameterized...

Persistent link: https://www.econbiz.de/10015301898

Workshop on pensions

Mink, Reimund (contributor); … - European Central Bank; European Commission / … - 2010

Persistent link: https://www.econbiz.de/10015311445

Fiscal policy and inflation : accounting for non-linearities in government debt

Checherita-Westphal, Cristina (contributor); … - European Central Bank - 2024

This paper investigates the interplay between discretionary fiscal policy and inflation in the euro area, emphasizing the role of public debt levels in modulating this relationship. It explores how fiscal expansions or contractions influence inflationary pressures, particularly under varying...

Persistent link: https://www.econbiz.de/10015320972

The confidence effects of fiscal consolidations

Beetsma, Roel (contributor); Cimadomo, Jacopo (contributor); … - European Central Bank - 2015

We explore how fiscal consolidations affect private sector confidence, a possible channel for the fiscal transmission that has received particular attention recently as a result of governments embarking on austerity trajectories in the aftermath of the crisis. Panel regressions based on the...

Persistent link: https://www.econbiz.de/10015298364

Does fiscal austerity affect public opinion?

Kalbhenn, Anna (contributor); Stracca, Livio (contributor) - European Central Bank - 2015

In this paper we explore the impact of fiscal austerity on three different dimensions of public opinion (overall life satisfaction and confidence, attitude towards national authorities, and European institutions). Based on a panel of 26 EU countries, we find that, overall, fiscal consolidation...

Persistent link: https://www.econbiz.de/10015298768

Firms' heterogeneous (and unintended) investment response to carbon price increases

Matzner, Anna (contributor); Steininger, Lea (contributor) - European Central Bank - 2024

We study the heterogeneous pass-through of carbon pricing on investment across firms. Using balance sheet data of 1 ….2 million European firms and identified carbon policy shocks, we find that higher carbon prices reduce investment, on average …. However, less carbon-intensive firms and sectors reduce their investment relatively more compared to otherwise similar firms …

Persistent link: https://www.econbiz.de/10015278012

Corporate investment and bankdependent borrowers during the recent financial crisis : 1859, October 2015

Buca, Andra (contributor); Vermeulen, Philip (contributor) - European Central Bank - 2015

We use the recent financial crisis period to analyse the effect of bank credit tightening on real firm investment. We …, investment falls substantially more in bank-dependent industries. …

Persistent link: https://www.econbiz.de/10015296807

Flight to liquidity and the great recession : N°1729, September 2014

Radde, Sören (contributor) - European Central Bank - 2014

Persistent link: https://www.econbiz.de/10015301857