Narrow search
Showing 1 - 10 of 14
Cover Image
"Whatever it takes" to resolve the European sovereign debt crisis? : bond pricing regime switches and monetary policy effects
Afonso, António; Arghyrou, Michael Georgiou; Gadea, … - 2017
This paper investigates the role of unconventional monetary policy as a source of time-variation in the relationship between sovereign bond yield spreads and their fundamental determinants. Our results provide evidence of a new bond-pricing regime following the announcement of the Outright...
Persistent link: https://www.econbiz.de/10011735972
Cover Image
Quantitative easing in the euro area : an event study approach
Urbschat, Florian; Watzka, Sebastian - 2017
quantifying the cumulative decrease of spreads and by running event regressions for several Euro Area countries. Focusing on the …
Persistent link: https://www.econbiz.de/10011743065
Cover Image
The monetary policy of the ECB : a Robin Hood approach?
Drometer, Marcus; Siemsen, Thomas; Watzka, Sebastian - 2013
We derive four sets of counterfactual national interest rate paths for the 17 Euro Area countries for the time period … economically worse than the Euro Area average perform best. -- monetary policy ; ECB ; Bundesbank ; decision rule ; counterfactual …
Persistent link: https://www.econbiz.de/10009724004
Cover Image
What do we really know about fiscal sustainability in the EU? : a panel data diagnostic
Afonso, António (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003641707
Cover Image
Unconventional monetary policy in the euro area : impacts on loans, employment, and investment
Afonso, António; Pereira, Francisco Gomes - 2022
transmission effectiveness of ECB’s large-scale asset purchasing programs programs (i.e. APP and PEPP) in the Euro area. Our …
Persistent link: https://www.econbiz.de/10012888479
Cover Image
Bank’s risk-taking channel of monetary policy and TLTRO : evidence from the eurozone
Afonso, António; Ferreira, Jorge Braga - 2024
Using a panel data approach with bank-fixed effects, we study the impact of Targeted Longer-Term Refinancing Operations …
Persistent link: https://www.econbiz.de/10014533785
Cover Image
The effects of monetary policy surprises and fiscal sustainability regimes in the Euro Area
Afonso, António; Alves, José; Ionta, Serena - 2023
projection model for the Euro Area (aggregate data), Germany, Italy, and Portugal, we analyze the interaction between both … even positive). The dependence of the effectiveness of monetary policy on fiscal solvency is valid for Euro-Area and all …
Persistent link: https://www.econbiz.de/10014313459
Cover Image
Monetary policy surprise shocks under different fiscal regimes : a panel analysis of the Euro Area
Afonso, António; Alves, José; Ionta, Serena - 2023
fiscal stances in the period 2001Q4-2021Q4 for a panel of the 19 countries of the Euro Area. Applying local projection …
Persistent link: https://www.econbiz.de/10014336399
Cover Image
Does monetary policy influence Euro area fiscal sustainability?
Afonso, António; Pereira, Francisco Gomes - 2024
This paper studies the impact of monetary policy on fiscal sustainability in the euro area. Our sample includes 12 euro …
Persistent link: https://www.econbiz.de/10015046233
Cover Image
Fiscal sustainability, fiscal reactions, pitfalls and determinants
Afonso, António; Coelho, José Carlos - 2022
We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We conclude for the existence of panel cointegration between government revenues and expenditures; primary government balance and one-period lagged public debt-to-GDP ratio; and...
Persistent link: https://www.econbiz.de/10013162289