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Predictability of future economic growth and the credibility of monetary regimes in Germany, 1870 - 2003

Baltzer, Markus; Kling, Gerhard - In: Applied economics letters 14 (2007) 4/6, pp. 401-404

Persistent link: https://www.econbiz.de/10003469400

Scarcity effects of QE : a transaction-level analysis in the Bund market

Schlepper, Kathi; Riordan, Ryan; Hofer, Heiko; … - 2017

This paper investigates the scarcity effects of quantitative easing (QE) policies, drawing on intra-day transaction-level data for German government bonds, purchased under the Public Sector Purchase Program (PSPP) of the ECB/Eurosystem. This paper is the first to match high-frequency QE purchase...

Persistent link: https://www.econbiz.de/10011632212

Quantitative easing, portfolio rebalancing and credit growth : micro evidence from Germany

Tischer, Johannes - 2018

This paper sheds light on the effect of quantitative easing (QE) on bank lending. Using data on German banks for 2014-2016, I show that QE encourages banks to rebalance from securities to loans. For identification, I use bond redemptions as exogenous variation in banks' need to rebalance their...

Persistent link: https://www.econbiz.de/10011874231

Rebalancing the euro area : is wage adjustment in Germany the answer?

Hoffmann, Mathias; Kliem, Martin; Krause, Michael; … - 2020

We assess to what extent wage inflation policies in Germany could contribute to an economic rebalancing in the euro … and output in Germany and the rest of the euro area. The duration of constant interest rates and expectations about the … consists of Germany, the rest of the euro area, and the rest of the world. …

Persistent link: https://www.econbiz.de/10012184056

The impact of monetary instruments on shock absorption in EU-countries

Müller, Claudia; Buscher, Herbert S. - 1999

The main characteristic of the implementation of the European Monetary Union (EMU) is the transition from various national currencies to the Euro, the common European currency. A final fixing of the individual bilateral exchange rates of all European countries involved in the Monetary Union...

Persistent link: https://www.econbiz.de/10013428212

What drives the German TARGET balances? : evidence from a BVAR approach

Bettendorf, Timo; Jochem, Axel - 2021

Applying a BVAR model, the present paper first identifies the possible drivers of Germany's TARGET claims. In this … studying the causes of current fluctuations in Germany's TARGET claims. …