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Inflation, deflation, and uncertainty : what drives euro area option-implied inflation expectations and are they still anchored in the sovereign debt crisis?

Scharnagl, Michael; Stapf, Jelena - 2014

We tackle two questions in this paper: In the sovereign debt crisis, what moves the euro area inflation outlook and has the firm anchoring of medium to long-term inflation expectations been touched? Deriving densities from a new data set on options on the euro area harmonized index of consumer...

Persistent link: https://www.econbiz.de/10010415789

The impact of monetary policy on income inequality : does inflation targeting matter?

Tavares Garcia, Francisco; Cross, Jamie - In: Finance research letters 61 (2024), pp. 1-7

Persistent link: https://www.econbiz.de/10014490790

Commonality in liquidity : effects of monetary policy and macroeconomic announcements

Sensoy, Ahmet - In: Finance research letters 16 (2016), pp. 125-131

Persistent link: https://www.econbiz.de/10011655140

Banks' trading after the Lehman crisis : the role of unconventional monetary policy

Podlich, Natalia; Schnabel, Isabel; Tischer, Johannes - 2017

liquidity tightened after the Lehman collapse but there is no evidence of fire sales in the German banking sector. Instead, we … observe a broad-based flight to liquidity. The European Central Bank's unconventional monetary policy had a strong impact on … banks' trading behavior by inducing shifts towards eligible securities and reducing pressure on market liquidity. This …

Persistent link: https://www.econbiz.de/10011671299

COVID-19 and the fragmentation of the European interbank market

Pala, Melissa - 2024

transactional level allows me to apply advanced panel methods. Furthermore, this paper shows liquidity hoarding during the pandemic …

Persistent link: https://www.econbiz.de/10014481123

Monetary policy and endogenous financial crises

Boissay, Frédéric; Collard, Fabrice; Galí, Jordi; … - 2022

We study whether a central bank should deviate from its objective of price stability to promote financial stability. We tackle this question within a textbook New Keynesian model augmented with capital accumulation and microfounded endogenous financial crises. We compare several interest rate...

Persistent link: https://www.econbiz.de/10013259617

Forecast targeting and financial stability : evidence from the European Central Bank and Bank of England

Curi, Claudia; Murgia, Lucia Milena - In: Finance research letters 51 (2023), pp. 1-6

Persistent link: https://www.econbiz.de/10014304822

Inflation expectations, inflation target credibility and the COVID-19 pandemic : new evidence from Germany

Coleman, Winnie; Nautz, Dieter - 2021

Using the exact wording of the ECB's definition of price-stability, we started a representative online survey of German citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation target. Our results indicate that credibility has...

Persistent link: https://www.econbiz.de/10012590362

Does inflation targeting reduce sovereign risk? : further evidence

Thornton, John; Vasilakis, Chrysovalantis - In: Finance research letters 18 (2016), pp. 237-241

Persistent link: https://www.econbiz.de/10011657054

Interest-rate pegs, central bank asset purchases and the reversal puzzle

Gerke, Rafael; Giesen, Sebastian; Kienzler, Daniel; … - 2017

We analyze the macroeconomic implications of a transient interest-rate peg in combination with a QE program in a non-linear medium-scale DSGE model. In this context, we re-examine what has become known as the reversal puzzle (Carlstrom, Fuerst and Paustian, 2015) and provide an analytical...

Persistent link: https://www.econbiz.de/10011671387

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