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Monetary policy transmission and house prices : European cross-country evidence

Carstensen, Kai; Hülsewig, Oliver; Wollmershäuser, Timo - 2009

This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the …

Persistent link: https://www.econbiz.de/10003872444

The price puzzle revisited : can the cost channel explain a rise in inflation after a monetary policy shock?

Henzel, Steffen; Hülsewig, Oliver; Mayer, Eric; … - 2007

Persistent link: https://www.econbiz.de/10003499532

Smells like fiscal policy? : assessing the potential effectiveness of the ECB's OMT program

Hristov, Nikolay; Hülsewig, Oliver; Siemsen, Thomas; … - 2014

This paper explores the potential effectiveness of the ECBś Outright Monetary Transaction (OMT) program in safeguarding an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting sovereign bond purchases on secondary markets, a stable...

Persistent link: https://www.econbiz.de/10010246072

The interest rate pass-through in the Euro area during the global financial crisis : conference paper

Hristov, Nikolay; Hülsewig, Oliver; Wollmershäuser, Timo - 2013

of Euro area banks to the global financial crisis. We focus on their interest rate setting behavior in response to … standard macroeconomic shocks. Our main empirical finding is that the pass through from changes in the money market rate to …

Persistent link: https://www.econbiz.de/10010338974

Smells like fiscal policy? : assessing the potential effectiveness of the ECB's OMT program ; conference paper

Hristov, Nikolay; Hülsewig, Oliver; Siemsen, Thomas; … - 2014

This paper explores the potential effectiveness of the ECB s Outright Monetary Transaction (OMT) program in safeguarding an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting sovereign bond purchases on secondary markets, a stable...

Persistent link: https://www.econbiz.de/10010480578

Macroprudential policy and the sovereign-bank nexus in the euro area

Hristov, Nikolay; Hülsewig, Oliver; Kolb, Benedikt - 2021

We explore how changes in capital-based macroprudential regulation in the euro area affect the exposure of national … responses to the unsystematic component of macroprudential policy in panel vector autoregressive models for euro area "core" and …

Persistent link: https://www.econbiz.de/10012628800

Euro area house prices and unconventional monetary policy surprises

Hülsewig, Oliver; Rottmann, Horst - 2021

This paper examines the reaction of house prices in a panel of euro area countries to monetary policy surprises over …

Persistent link: https://www.econbiz.de/10012509392

Unconventional monetary policy shocks in the euro area and the sovereign-bank nexus

Hristov, Nikolay; Hülsewig, Oliver; Scharler, Johann - 2020

exposure of banks to the debt issued by the national government. Our results suggest that euro area crisis countries’ banks …

Persistent link: https://www.econbiz.de/10012194625

The Euro area periphery sovereigns' fiscal positions and unconventional monetary policy

Hülsewig, Oliver; Scharler, Johann - 2020

We explore the reaction of the euro area periphery sovereigns' fiscal positions to an unconventional monetary policy …

Persistent link: https://www.econbiz.de/10012154910

Unemployment in the euro area and unconventional monetary policy surprises

Hülsewig, Oliver; Rottmann, Horst - 2022

We examine the impact of the European Central Bank's monetary policy on the euro area labor markets over the period … is only minor. Thus, labor markets in the euro area were impacted differently by unconventional monetary policy measures. …

Persistent link: https://www.econbiz.de/10013453816