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Does the lack of financial stability impair the transmission of monetary policy?

Acharya, Viral V.; Imbierowicz, Björn; Steffen, Sascha; … - 2019

We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the January 2006 to June 2010 period. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan spreads...

Persistent link: https://www.econbiz.de/10011990690

Improving market-based forecasts of short-term interest rates : time-varying stationarity and the predictive content of switching regime-expectations

Ahrens, Ralf - 1999

multi-step out-of-sample forecasting competition. It turns out that forecasts are improved substantially when allowing for …

Persistent link: https://www.econbiz.de/10009768272

Predicting recessions with interest rate spreads : a multicountry regime-switching analysis

Ahrens, Ralf - 1999

forecasting ability of the spread. Klassifikation: …

Persistent link: https://www.econbiz.de/10009768273