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Announcements of ECB unconventional programs : implications for the sovereign spreads of stressed euro area countries

Falagiarda, Matteo; Reitz, Stefan - In: Journal of international money and finance 53 (2015), pp. 276-295

Persistent link: https://www.econbiz.de/10011475970

The macroeconomic impact of financial fragmentation in the euro area : which role for credit supply?

Bijsterbosch, Martin; Falagiarda, Matteo - In: Journal of international money and finance 54 (2015), pp. 93-115

Persistent link: https://www.econbiz.de/10011476080

Shadow Banking in the Euro Area : An Overview

Bakk-Simon, Klara - 2012

Shadow banking, as one of the main sources of financial stability concerns, is the subject of much international debate. In broad terms, shadow banking refers to activities related to credit intermediation and liquidity and maturity transformation that take place outside the regulated banking...

Persistent link: https://www.econbiz.de/10013113994

The Role of Financial Stability Considerations in Monetary Policy and the Interaction with Macroprudential Policy in the Euro Area

Albertazzi, Ugo; Assouan, Emmanuelle; Tristani, Oreste; … - 2021

Since the European Central Bank’s (ECB’s) 2003 strategy review, the importance of macro-financial amplification channels for monetary policy has increasingly gained recognition. This paper takes stock of this evolution and discusses the desirability of further incremental enhancements in the...

Persistent link: https://www.econbiz.de/10013210834

Digitalisation : Channels, Impacts and Implications for Monetary Policy in the Euro Area

Consolo, Agostino; Cette, Gilbert; Bergeaud, Antonin; … - 2021

The digitalisation workstream report analyses the degree of digital adoption across the euro area and EU countries and … of digital adoption differs across the euro area/EU, implying heterogeneous impacts, with most EU economies currently …. The pandemic has accelerated the use of teleworking: roughly every third job in the euro area/EU is teleworkable, although …

Persistent link: https://www.econbiz.de/10013210842

The Implications of Globalisation for the ECB Monetary Policy Strategy

Lodge, David; Everett, Mary; Bandt, Olivier de; … - 2021

This paper assesses how globalisation has shaped the economic environment in which the ECB operates and discusses whether this warrants adjustments to the monetary policy strategy. The paper first looks at how trade and financial integration have evolved since the last strategy review in 2003....

Persistent link: https://www.econbiz.de/10013210849

Structural Features of Distributive Trades and Their Impact on Prices in the Euro Area

Anderton, Robert; Meyler, Aidan; Gattini, Luca; … - 2021

The distributive trades, consisting of wholesaling and retailing, are a key sector of the economy. As the main interface between producers and consumers, the sector is particularly important from a monetary policy point of view: this is where most consumer goods prices are ultimately set....

Persistent link: https://www.econbiz.de/10013316047

How informative are real time output gap estimates in Europe?

Kangur, Alvar; Kirabaeva, Koralai; Natal, Jean-Marc; … - 2019

We study the properties of the IMF-WEO estimates of real-time output gaps for countries in the euro area as well as the determinants of their revisions over 1994-2017. The analysis shows that staff typically saw economies as operating below their potential. In real time, output gaps tend to have...

Persistent link: https://www.econbiz.de/10012103755

Explaining the shadow economy in Europe : size, causes and policy options

Kelmanson, Ben; Kirabaeva, Koralai; Medina, Leandro; … - 2019

This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging economies, and recommends policies to increase formality. The size of shadow economies declined across Europe in recent years but remains significant, especially in Eastern...

Persistent link: https://www.econbiz.de/10012155041

Shadow Banking in the Euro Area : An Overview

Bakk-Simon, Klára; Borgioli, Stefano; Giron, Celestino; … - 2022

Persistent link: https://www.econbiz.de/10013307085