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estimation procedure is implemented using a bootstrap technique. Finally, an application of the method to EU member states and to …
Persistent link: https://www.econbiz.de/10011437377
systems as those established in the EU are able to offset the negative impact of unemployment risk on the portfolio …
Persistent link: https://www.econbiz.de/10003934763
We examine whether monetary transmission during the financial and sovereign debt crisis was dominated by the cost channel or by the demand-side channel effect. We use two approaches to track down the potential passthrough of changes in the monetary policy rate to those in consumer prices. First,...
Persistent link: https://www.econbiz.de/10011630975