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A new database for financial crises in European countries: ECB/ESRB EU crises database. Developed by FSC MPAG and ESRB AWG
Duca, Marco Lo; Koban, Anne; Basten, Marisa; Bengtsson, … - 2017
This paper presents a new database for financial crises in European countries, which serves as an important step towards establishing a common ground for macroprudential oversight and policymaking in the EU. The database focuses on providing precise chronological definitions of crisis periods to...
Persistent link: https://www.econbiz.de/10011804697
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A New Database for Financial Crises in European Countries : ECB/ESRB EU Crises Database
Lo Duca, Marco - 2017
This paper presents a new database for financial crises in European countries, which serves as an important step towards establishing a common ground for macroprudential oversight and policymaking in the EU. The database focuses on providing precise chronological definitions of crisis periods to...
Persistent link: https://www.econbiz.de/10012950737
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A New Database for Financial Crises in European Countries
Lo Duca, Marco; Koban, Anne; Basten, Marisa; Bengtsson, … - 2022
This paper presents a new database for financial crises in European countries, which serves as an important step towards establishing a common ground for macroprudential oversight and policymaking in the EU. The database focuses on providing precise chronological definitions of crisis periods to...
Persistent link: https://www.econbiz.de/10013305770
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Demand for central bank reserves and monetary policy implementation frameworks: The case of the Eurosystem
Åberg, Pontus; Corsi, Marco; Grossmann-Wirth, Vincent; … - 2021
This paper discusses commercial banks' demand for central bank reserves under two alternative monetary policy framework configurations, namely: (i) an interest rate corridor system with scarce liquidity, and (ii) a floor system with ample liquidity. It outlines the interaction between the...
Persistent link: https://www.econbiz.de/10012661664
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Demand for Central Bank Reserves and Monetary Policy Implementation Frameworks : The Case of the Eurosystem
Åberg, Pontus; Corsi, Marco; Grossmann-Wirth, Vincent; … - 2021
This paper discusses commercial banks’ demand for central bank reserves under two alternative monetary policy framework configurations, namely: (i) an interest rate corridor system with scarce liquidity, and (ii) a floor system with ample liquidity. It outlines the interaction between the...
Persistent link: https://www.econbiz.de/10013212033
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Clear, consistent and engaging: ECB monetary policy communication in a changing world
2021
communication has become a monetary policy tool in itself; one example of this being forward guidance, given its impact on inflation … expectations, economic behaviour and inflation. The paper explains why and how consistent, clear and effective communication to … communication, including greater engagement with the wider public, could help boost people's understanding of and trust in the …
Persistent link: https://www.econbiz.de/10012661656
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Energy markets and the euro area macroeconomy
2010
impact of energy price changes on overall inflation in the future. For instance, the reaction of HICP inflation to energy …
Persistent link: https://www.econbiz.de/10011606265
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Structural features of distributive trades and their impact on prices in the euro area
2011
The distributive trades sector, which is primarily accounted for by wholesale and retail trade, is not only economically important in its own right, but also relevant to monetary policy. Ultimately, it is retailers who set the actual prices of most consumer goods. They are the main interface...
Persistent link: https://www.econbiz.de/10011606280
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The implications of globalisation for the ECB monetary policy strategy
2021
productivity growth, the natural interest rate (r*), inflation trends and monetary transmission. While trade globalisation … by upward pressures, from the boost to global productivity associated with greater trade integration. Headline inflation …. Meanwhile, core inflation rates show a lower degree of commonality. Globalisation has made a rather modest contribution to the …
Persistent link: https://www.econbiz.de/10012661645
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Low Inflation in the Euro Area : Causes and Consequences
Ciccarelli, Matteo - 2017
After 2012, inflation has been unexpectedly low across much of the developed world and economists speak of a “missing … inflation” puzzle, namely inflation was expected to be higher on the back of an ongoing recovery. This paper investigates the … causes and consequences of low inflation in the euro area after 2012 and analyses whether monetary policy has been successful …
Persistent link: https://www.econbiz.de/10012963903