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The post-crisis slump in the Euro Area and the US : evidence from an estimated three-region DSGE model

Kollmann, Robert; Pataracchia, Beatrice; Raciborski, Rafal - In: European economic review : EER 88 (2016), pp. 21-41

Persistent link: https://www.econbiz.de/10011770856

The COVID-19 recession on both sides of the Atlantic : a model-based comparison

Cardani, Roberta; Pfeiffer, Philipp Ludwig; Ratto, Marco; … - In: European economic review : EER 158 (2023), pp. 1-40

Persistent link: https://www.econbiz.de/10014460652

Unconventional Monetary Policy Shocks in the Euro Area and the Sovereign-Bank Nexus

Hristov, Nikolay - 2020

We explore the effects of the ECB's unconventional monetary policy on the banks' sovereign debt portfolios. In particular, using panel vector autoregressive (VAR) models we analyze whether banks increased their domestic government bond holdings in response to non-standard monetary policy shocks,...

Persistent link: https://www.econbiz.de/10012838235

The Euro Area Periphery Sovereigns' Fiscal Positions and Unconventional Monetary Policy

Hülsewig, Oliver - 2020

We explore the reaction of the euro area periphery sovereigns' fiscal positions to an unconventional monetary policy shock. We estimate panel vector autoregressive (VAR) models over the period 2010-2018, and identify the shock by imposing sign restrictions. Our results suggest that the...

Persistent link: https://www.econbiz.de/10012843420

The Euro Crisis and Economic Growth : A Novel Counterfactual Approach

Terzi, Alessio - 2019

warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific … Eurozone's specificity, which is instead to be traced back to a sharper-than-expected contraction in investment and fiscal …

Persistent link: https://www.econbiz.de/10012866042

Macroeconomic adjustment in the euro area

Terzi, Alessio - In: European economic review : EER 128 (2020), pp. 1-27

Persistent link: https://www.econbiz.de/10012514434

Coherence of Output Gaps in the Euro Area : The Impact of the COVID-19 Shock

de Haan, Jakob; Jacobs, Jan P. A. M.; Zijm, Renske - 2022

Using the measures proposed by Mink et al. (2012), we reexamine the coherence of business cycles in the euro area using a long sample period. We also analyze the impact of the COVID-19 pandemic on business cycle coherence and examine whether our measures for business cycle coherence indicate a...

Persistent link: https://www.econbiz.de/10013293282

Negative interest rates, excess liquidity and retail deposits : banks’ reaction to unconventional monetary policy in the euro area

Demiralp, Selva; Eisenschmidt, Jens; Vlassopoulos, Thomas - In: European economic review : EER 136 (2021), pp. 1-29

Persistent link: https://www.econbiz.de/10012696751

Corporate leverage and monetary policy effectiveness in the euro area

Auer, Simone; Bernardini, Marco; Cecioni, Martina - In: European economic review : EER 140 (2021), pp. 1-18

Persistent link: https://www.econbiz.de/10012816189

The Trade and FDI Effects of EMU Enlargement

Brouwer, J.; Paap, Richard; Viaene, Jean-Marie - 2021

This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the European Monetary Union (EMU) to the ten countries that obtained EU membership in 2004. One-way and two-way error component gravity models are estimated using a dataset of unbalanced...

Persistent link: https://www.econbiz.de/10013316812