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The Distribution of Excess Liquidity in the Euro Area
Baldo, Luca - 2017
Since 2008, excess liquidity – defined as the sum of holdings of central bank reserves in excess of reserve requirements and holdings of equivalent central bank deposits – has tended to accumulate in specific euro area countries and in a small, slowly changing group of credit...
Persistent link: https://www.econbiz.de/10012943463
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Economic Structures 20 Years into the Euro
Sondermann, David - 2019
strengthened national economic structures were supported by a reformed EU crisis and economic governance framework. However …
Persistent link: https://www.econbiz.de/10012868456
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Climate Change and Monetary Policy in the Euro Area
Drudi, Francesco; Mönch, Emanuel; Holthausen, Cornelia; … - 2021
This paper analyses the implications of climate change for the conduct of monetary policy in the euro area. It first investigates macroeconomic and financial risks stemming from climate change and from policies aimed at climate mitigation and adaptation, as well as the regulatory and fiscal...
Persistent link: https://www.econbiz.de/10013210835
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Digitalisation : Channels, Impacts and Implications for Monetary Policy in the Euro Area
Consolo, Agostino; Cette, Gilbert; Bergeaud, Antonin; … - 2021
The digitalisation workstream report analyses the degree of digital adoption across the euro area and EU countries and … of digital adoption differs across the euro area/EU, implying heterogeneous impacts, with most EU economies currently …. The pandemic has accelerated the use of teleworking: roughly every third job in the euro area/EU is teleworkable, although …
Persistent link: https://www.econbiz.de/10013210842
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Virtually Everywhere? Digitalisation and the Euro Area and EU Economies
Anderton, Robert - 2020
developments in the digital economy and their possible impacts across the euro area and European Union (EU) economies. It also …: (i) there is significant country heterogeneity across the EU in terms of the adoption of digital technologies, and most … EU countries are falling behind competitors, particularly the United States; (ii) digitalisation is affecting the economy …
Persistent link: https://www.econbiz.de/10012829748
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Product market structure and monetary policy : evidence from the euro area
Ferrando, Annalisa; McAdam, Peter; Petroulakis, Filippos; … - 2021
Monetary policy aims at affecting corporate borrowing by influencing the marginal costs of firms, but its potency can be conditioned by the degree of market competition. We first identify conditions under which changes in marginal costs may have different effects on credit constraints and output...
Persistent link: https://www.econbiz.de/10012745332
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Virtually everywhere? : digitalisation and the euro area and EU economies : degree, effects, and key issues
Anderton, Bob; Jarvis, Valerie; Labhard, Vincent; … - 2020
developments in the digital economy and their possible impacts across the euro area and European Union (EU) economies. It also …: (i) there is significant country heterogeneity across the EU in terms of the adoption of digital technologies, and most … EU countries are falling behind competitors, particularly the United States; (ii) digitalisation is affecting the economy …
Persistent link: https://www.econbiz.de/10012254362
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Economic structures 20 years into the euro
Consolo, Agostino; Gunnella, Vanessa; Koester, Gerrit; … - 2019
strengthened national economic structures were supported by a reformed EU crisis and economic governance framework. However …
Persistent link: https://www.econbiz.de/10012020340
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The distribution of excess liquidity in the euro area
Baldo, Luca; Hallinger, Benoît; Helmus, Caspar; … - 2017
Since 2008, excess liquidity - defined as the sum of holdings of central bank reserves in excess of reserve requirements and holdings of equivalent central bank deposits - has tended to accumulate in specific euro area countries and in a small, slowly changing group of credit institutions....
Persistent link: https://www.econbiz.de/10011747703
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Concentration, market power and dynamism in the euro area
Cavalleri, Maria Chiara; Eliet, Alice; McAdam, Peter; … - 2019
We examine the degree of market power in the big four countries of the euro area using macro and firm-micro data. We focus on three main indicators of market power in and across countries: namely, the concentration ratios, the markup and the degree of economic dynamism. For the macro database we...
Persistent link: https://www.econbiz.de/10011994589