default probability, showing that it decreases with central bank bond-holdings. Calibrating the model to Germany and Italy, we …

This paper investigates the informational efficiency of green bond markets using a recently introduced quantitative … inefficiency of the green bond market is generally found to be very similar to that of benchmark bond markets such as treasury bond … green bond markets are very similar to those in the benchmark bond markets. In other words, fundamental factors that drive …

development of bond yields and spreads around these releases. More precisely, we try to estimate different asset price channels by … signalling channel, measured by the OIS rate, and the portfolio rebalancing channel, proxied by the conditional bond-OIS spread … declining degree to which the ECB surprised markets and the increasingly burdensome institutional set-up of the APP. While yield …

ECB bought. We then explore the short-term effects of ECB purchases at the bond-level. The results show a large impact of …This paper analyses the determinants and effects of ECB interventions in times of severe distress. We focus on the … Greek government bond market in mid-2010 and use a unique new dataset to show, for the first time, what type of bonds the …

green bond returns and volatilities. On the whole, the evidence suggests weaker linkages, and thus a lower degree of …

most credible, transparent and independent central bank out of seven large central banks. The ECB is not perceived as …

distribution in the European Central Bank (ECB) council. We show that, in a model where labor unions internalize the inflationary … on unemployment and voting rights in the ECB council seems broadly in line with this idea. We also point to possible … policy implications for EMU enlargement and ECB restructuring. …

decision rule of the ECB, we rank different rules according to their ability to aggregate the national counterfactual paths to … economically worse than the Euro Area average perform best. -- monetary policy ; ECB ; Bundesbank ; decision rule ; counterfactual …

countries. An alternative solution to ensure the European perspective of decision-making in the ECB Council is to match economic …