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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
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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
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Employment and the Conduct of Monetary Policy in the Euro Area
Brand, Claus; Coenen, Günter; Sondermann, David; … - 2021
price stability is shown to provide flexibility to contribute to the achievement of the EU’s full employment objective …
Persistent link: https://www.econbiz.de/10013210706
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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
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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
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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
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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
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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
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The Role of Financial Stability Considerations in Monetary Policy and the Interaction with Macroprudential Policy in the Euro Area
Albertazzi, Ugo; Martin, Alberto; Assouan, Emmanuelle; … - 2023
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/10014354649
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Monetary Policy Under EMU Differences in the Transition Mechanism?
Clements, Benedict J. - 2001
This study identifies differences in the monetary policy transmission mechanism across the countries in the euro area. It is argued that part of the differences in the response of economic activity to monetary policy during the pre-EMU period, found in other studies, reflected differences in...
Persistent link: https://www.econbiz.de/10014400313