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Bank Risk-Taking, Securitization, Supervision and Low Interest Rates : Evidence from the Euro Area and the U.S. Lending Standards

Maddaloni, Angela - 2010

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

Persistent link: https://www.econbiz.de/10013138019

Trusting the Bankers : A New Look at the Credit Channel of Monetary Policy

Ciccarelli, Matteo - 2010

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 …

Persistent link: https://www.econbiz.de/10013141032

Heterogeneous Transmission Mechanism : Monetary Policy and Financial Fragility in the Euro Area

Ciccarelli, Matteo - 2013

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 …

Persistent link: https://www.econbiz.de/10013085173

Negative Monetary Policy Rates and Systemic Banks’ Risk-Taking : Evidence from the Euro Area Securities Register

Bubeck, Johannes - 2020

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

Persistent link: https://www.econbiz.de/10012836176

The Role of Labor Markets for Euro Area Monetary Policy

Christoffel, Kai Philipp - 2009

In this paper, we explore the role of labor markets for monetary policy in the euro area in a New Keynesian model in … into monitoring euro area wage dynamics and which appears to treat some of the other labor market information as less …

Persistent link: https://www.econbiz.de/10012764518

Monetary Policy, Macroprudential Policy and Banking Stability : Evidence from the Euro Area

Maddaloni, Angela - 2013

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

Persistent link: https://www.econbiz.de/10013080478

The Euro Area Bank Lending Survey Matters : Empirical Evidence for Credit and Output Growth

de Bondt, Gabe; Maddaloni, Angela; Peydró, José-Luis; … - 2021

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 …

Persistent link: https://www.econbiz.de/10013316257

Inflation Dynamics with Labour Market Matching : Assessing Alternative Specifications

Christoffel, Kai Philipp; Costain, James S.; de Walque, … - 2010

This paper reviews recent approaches to modeling the labour market and assesses their implications for inflation dynamics through both their effect on marginal cost and on price-setting behaviour. In a search and matching environment, we consider the following modeling setups: right-to-manage...

Persistent link: https://www.econbiz.de/10014208182

What explains the spread between the euro overnight rate and the ECB's policy rate?

Linzert, Tobias; Schmidt, Sandra - 2008

We employ a time series econometric framework to explore the structural determinants of the spread between the European Overnight Rate and the ECB’s Policy Rate (EONIA spread) aiming to explain the widening of the EONIA spread from mid-2004 to mid-2006. In particular, we estimate a model on...

Persistent link: https://www.econbiz.de/10011605029

The role of labor markets for euro area monetary policy

Christoffel, Kai; Kuester, Keith; Linzert, Tobias - 2009

Persistent link: https://www.econbiz.de/10011605081