Using a unique dataset of the Euro area and the U.S. bank lending standards, we find that low (monetary policy) short …

unique Euro area bank lending surveys. Embedding this information within a standard VAR model, we find that: (1) the credit …) during the crisis, credit supply restrictions to firms in the Euro area and tighter standards for mortgage loans in the US …

The Euro area economic activity and banking sector have shown substantial fragility over the last years with remarkable … affected the transmission mechanism of the single Euro area monetary policy during the crisis until the end of 2011. The …

the 26 largest euro area banking groups. Banks with more customer deposits are negatively affected by negative rates, as …

This paper studies the relationship between the business cycle and financial intermediation in the euro area. We …

vector autoregressions (VARs) and a large dynamic factor model (DFM) for a quarterly data set of 26 euro area macroeconomic … forecasts shed light on the stability of the dynamic relationships in the euro area during the recent episodes of financial … turmoil and indicate that only a small number of sources drive the bulk of the fluctuations in the euro area economy …

crisis, and of the provision of central bank liquidity during the crisis. Exploiting the euro area institutional setting for …

This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … leading indicator for euro area bank credit and real GDP growth. Notwithstanding the short history of the survey, the findings …

, volatility has been historically higher and this has not changed in the last ten years. We also find that the aggregate euro area … and US observed developments. The gap between US and euro area GDP per capita level has been 30% on average since 1970 and …

-casting) in the euro area. We compare traditional methods used at institutions with a new method proposed by Giannone, Reichlin …