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Asset Purchase Programmes and Financial Markets : Lessons from the Euro Area
Altavilla, Carlo - 2016
We evaluate the effects on asset prices of the ECB asset purchase program (APP) announced in January 2015 and assess its main transmission channels. We do so by first extending a term structure model with bond supply effects to account for assets with different types of risk premia. We then...
Persistent link: https://www.econbiz.de/10013001152
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A Tale of Two Decades : The Ecb's Monetary Policy at 20
Rostagno, Massimo - 2020
, but offered a softer defence in the face of the disinflationary forces that hit the euro area in its aftermath. The …
Persistent link: https://www.econbiz.de/10012844614
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Shocks, Structures or Monetary Policies? The Euro Area and US After 2001
Christiano, Lawrence J. - 2007
price stability. Other factors that account for the different economic outcomes in the Euro Area and US include differences …
Persistent link: https://www.econbiz.de/10012776610
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Combining Negative Rates, Forward Guidance and Asset Purchases : Identification and Impacts of the ECB's Unconventional Policies
Rostagno, Massimo; Altavilla, Carlo; Carboni, Giacomo; … - 2021
alternative histories for the euro area macro-economy that one would likely have observed between 2013 and 2020 in no-NIRP (with …
Persistent link: https://www.econbiz.de/10013225325
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Asymmetric Monetary Policy Rules for the Euro Area and the Us
Maih, Junior; Mazelis, Falk; Motto, Roberto; … - 2021
We analyse the implications of asymmetric monetary policy rules by estimating Markov-switching DSGE models for the euro …
Persistent link: https://www.econbiz.de/10013210663
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Financial Factors in Economic Fluctuations
Christiano, Lawrence J.; Motto, Roberto; Rostagno, Massimo - 2021
We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro …
Persistent link: https://www.econbiz.de/10013316211
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Monetary Policy Strategies for the Euro Area : Optimal Rules in the Presence of the ELB
Mazelis, Falk; Motto, Roberto; Ristiniemi, Annukka - 2023
equilibrium real rate using an estimated DSGE model for the euro area. We find that simple feedback rules that implement inflation …
Persistent link: https://www.econbiz.de/10014355956
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A Monetary Policy Strategy in Good and Bad Times : Lessons from the Recent Past
Fahr, Stephan - 2011
We evaluate the ECB's monetary policy strategy against the underlying economic structure of the euro area economy, in …
Persistent link: https://www.econbiz.de/10013126720
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Shocks, structures or monetary policies? The euro area and US after 2001
Christiano, Lawrence; Motto, Roberto; Rostagno, Massimo - 2007
price stability. Other factors that account for the different economic outcomes in the Euro Area and US include differences …
Persistent link: https://www.econbiz.de/10011604820
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Financial factors in economic fluctuations
Christiano, Lawrence; Rostagno, Massimo; Motto, Roberto - 2010
We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro …
Persistent link: https://www.econbiz.de/10011605238