Showing 1 - 6 of 6
We explore how changes in capital-based macroprudential regulation affect theexposure of national banking sectors to domestic government debt in the euro area,thus strengthening or weakening the sovereign-bank nexus. To do so, we construct ameasure of macroprudential policy based on...
Persistent link: https://www.econbiz.de/10012623677
We explore the effects of the ECB's unconventional monetary policy on the banks' sovereign debt portfolios. In particular, using panel vector autoregressive (VAR) models we analyze whether banks increased their domestic government bond holdings in response to non-standard monetary policy shocks,...
Persistent link: https://www.econbiz.de/10012197879
the European Union (EU). For this purpose we use linked applied general equilibrium models (AGE) for eleven EU member …, employment and inflation in member countries, and the cost and benefits of a cooperative approach to adhere to a EU target of … quantify the economic impact for the, EU by introducing a EU-wide tradable permit system, free of charge and based on the …
Persistent link: https://www.econbiz.de/10011620808
Persistent link: https://www.econbiz.de/10013428017
We examine the fiscal footprint of macroprudential policy in euro area countries arising through the bond market channel (Reis, 2021). Using local projections, we estimate impulse responses of the fiscal balance to an unexpected tightening in macroprudential capital regulation. Our findings...
Persistent link: https://www.econbiz.de/10014481139
impacts on the EU. The methodological framework used is based on a multi-country and multi-sectoral computable general … equilibrium model for eleven EU-member states. The emphasis of the analysis lies on the institutional setting of a carbon dioxide … findings of the paper can be summarized as follows: 1) There is some potential for a double dividend in the EU. 2) Coordination …
Persistent link: https://www.econbiz.de/10013428140