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Macroprudential capital regulation and fiscal balances in the euro area
Hristov, Nikolay; Hülsewig, Oliver; Kolb, Benedikt - 2024
in macroprudential capital regulation. Our findings suggest a dichotomy between country groups. In peripheral countries … core countries, the cyclically adjusted primary balance ratio barely reacts to a sudden tightening in capital regulation. …
Persistent link: https://www.econbiz.de/10014485633
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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 2010-2018. Using Jordà's (2005) local projection method, we find that unemployment rates decline in response to expansionary monetary policy surprises that can be related to...
Persistent link: https://www.econbiz.de/10013453816