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Financial fragility, macroeconomic shocks and banks' loan losses : evidence from Europe
Pesola, Jarmo (contributor) - 2007
Persistent link: https://www.econbiz.de/10003546073
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Fed QE and bank lending behaviour : a heterogeneity analysis of asset purchases
Grimaldi, Marianna; Kapoor, Supriya - 2023
dependent on banks' solvency and liquidity exposures. Our results highlight that it is necessary to take heterogeneity of …
Persistent link: https://www.econbiz.de/10014393221
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Jump-starting the euro area recovery : would a rise in core fiscal spending help the periphery?
Blanchard, Olivier; Erceg, Christopher J.; Lindé, Jesper - 2015
liquidity trap lasting three years, about half as large as the effect on core GDP. Accordingly, under a standard ad hoc loss …
Persistent link: https://www.econbiz.de/10011294265
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U.S. macroeconomic policy evaluation in an open economy context using wavelet decomposed optimal control methods
Crowley, Patrick M.; Hudgins, David - 2019
Persistent link: https://www.econbiz.de/10012114884
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Central bank institutional structure and effective central banking: cross-country empirical evidence
Hasan, Iftekhar (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003782282
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The role of money in monetary policy at the lower bound
Billi, Roberto M.; Söderström, Ulf; Walsh, Carl E. - 2020
In light of the current low-interest-rate environment, we reconsider the merit of a money growth target (MGT) relative to a conventional in ation targeting (IT) regime, and to the notion of price level targeting (PLT). Through the lens of a New Keynesian model, and accounting for a zero lower...
Persistent link: https://www.econbiz.de/10012229943
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The interaction between fiscal and monetary policies : evidence from Sweden
Ankargren, Sebastian; Shahnazarian, Hovick - 2019 - (Updated april 2019)
This paper estimates the interaction between monetary- and fiscal policy using a structural VAR model with time-varying parameters. For demand and supply shocks, the two policies are estimated to be complementary, while for monetary and fiscal policies shocks the two policies act as substitutes....
Persistent link: https://www.econbiz.de/10011990029
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Central bank liquidity operations during the financial market and economic crisis : observations, thoughts and questions
Pikkarainen, Pentti - 2010
Persistent link: https://www.econbiz.de/10008772095
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The liquidity of the government bond market - what impact does quantitative easing have? : evidence from Sweden
Grimaldi, Marianna; Crosta, Alberto; Zhang, Dong - 2021
We consider the effects of quantitative easing on the liquidity of the Swedish government bonds. To capture multiple … dimensions of liquidity we use several measures built on a unique and highly granular transaction-based dataset. We find that the … Riksbank's purchases of government bonds improved liquidity, but only to a point. In fact, the deterioration in the level of …
Persistent link: https://www.econbiz.de/10012511146
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External adjustment in small open economies : some recent experience
Åkerholm, Johnny - 1988
Persistent link: https://www.econbiz.de/10000755224