Central bank announcements move financial markets. The response of inflation and growth expectations, on the other hand … seemingly puzzling results for the euro area and provide evidence that they are due to central bank information effects. That is …

During the European financial crisis, the European Central Bank implemented a series of unconventional monetary policy … measures. We argue that these unconventional monetary policy measures created soft budget constraints for the Eurozone … confirmed by robustness checks that directly estimate the effect of unconventional monetary policy on central government debt. …

recourse to central bank finance is rather limited and does not affect the risk-taking behaviour of banks in the non …

We examine public trust in the European Central Bank (ECB) and its determinants using data from the Bundesbank … psychology, we offer a fresh perspective on the factors influencing central bank trust that is more holistic than the …, particularly the integrity of top central bankers, honest communication and broader concern, tend to trust the ECB less. Trust in …

The European Central Bank's asset purchase programs, while intended to stabilize the economy, may have unintended side …

This paper examines German and foreign bank factors that can explain cross-border central bank liquidity flows between … foreign banks. A German bank that exhibits relatively high claims against a central bank seems to attract less additional … central bank liquidity from abroad than a German bank with fewer existing central bank claims. However, higher overall …