Similar Search Results

Asymmetric transmission of monetary policy : what should the ECB do if one size does not fit all?

Gros, Daniel; Hefeker, Carsten - In: European monetary integration, (pp. 45-63). 2004

Persistent link: https://www.econbiz.de/10002379549

Is the ECB too decentralized?

Haan, Jakob de; Berger, Helge; Inklaar, Robert - In: European monetary integration, (pp. 71-97). 2004

Persistent link: https://www.econbiz.de/10002379604

Fiscal aspects of central bank independence

Sims, Christopher A. - In: European monetary integration, (pp. 103-116). 2004

Persistent link: https://www.econbiz.de/10002380288

Financial fragility, bubbles, and monetary policy

Illing, Gerhard - In: European monetary integration, (pp. 141-167). 2004

Persistent link: https://www.econbiz.de/10002380376

Monetary Transmission Right from the Start : On the Information Content of the Eurosystem's Main Refinancing Operations

Abbassi, Puriya - 2016

The Eurosystem's main refinancing operations (MRO) are key for the interbank money market and the monetary transmission process in the euro area. This paper investigates how money market rates respond to the information revealed by various aspects of an MRO auction outcome. Our results confirm...

Persistent link: https://www.econbiz.de/10012991019

Do We Really Know that Flexible Exchange Rates Facilitate Current Account Adjustment? Some New Empirical Evidence for CEE Countries

Herrmann, Sabine - 2016

This paper examines the relationship between the exchange rate regime and the pace of current account adjustment. The panel data set we refer to includes 11 catching-up countries from central, eastern and south-eastern Europe between 1994 and 2007. The exchange rate regime is measured by a...

Persistent link: https://www.econbiz.de/10012991023

Money and Monetary Policy Transmission in the Euro Area : Evidence from Favar- and VAR Approaches

Blaes, Barno - 2016

This paper investigates the transmission of monetary policy in the euro area based on the factor augmented vector autoregressive approach of Bernanke, Boivin and Eliasz (2005) as well as on a standard VAR model. We focus on the reaction of monetary aggregates to a one-off monetary policy shock....

Persistent link: https://www.econbiz.de/10012991032

Extraordinary Measures in Extraordinary Times : Public Measures in Support of the Financial Sector in the EU and the United States

Stolz, Stéphanie - 2016

preliminary assessment of the effectiveness of such measures. The geographical focus of the paper is on the European Union (EU …, not only between the EU and the United States (e.g. with regard to the involvement of the central bank), but also within … the EU (e.g. asset relief schemes) …

Persistent link: https://www.econbiz.de/10012991088

Price, Wage and Employment Response to Shocks : Evidence from the Wdn Survey

Bertola, Giuseppe - 2016

This paper analyses information from survey data collected in the framework of the Eurosystem's Wage Dynamics Network (WDN) on patterns of firm-level adjustment to shocks. We document that the relative intensity and the character of price vs. cost and wage vs. employment adjustments in response...

Persistent link: https://www.econbiz.de/10012991099

Spill-Over Effects of Monetary Policy : A Progress Report on Interest Rate Convergence in Europe

Flad, Michael - 2016

This study examines differences in the interest rate response to an ECB policy impulse in the euro area, the new EU …-member states, and in the other non-eurozone EU countries in order to gauge the degree of interest rate alignment in Europe. To this … the euro area's yield curve; (iii) compared to the euro area, the short-term market segments in the new EU-member states …

Persistent link: https://www.econbiz.de/10012991127