Showing 1 - 10 of 19
This paper studies the determinants of the euro exchange rate during the European sovereign debt crisis, allowing a … role for macroeconomic fundamentals, policy actions and the public debate by policy makers. It finds that the euro exchange …
Persistent link: https://www.econbiz.de/10013083696
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
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
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
We propose a model for analyzing euro area trade based on the interaction between macroeconomic and trade variables …
Persistent link: https://www.econbiz.de/10012963898
We explain the role of the Phillips Curve in the analysis of the economic outlook and the formulation of monetary policy at the ECB. First, revisiting the structural Phillips Curve, we highlight the challenges in recovering structural parameters from reduced-form estimates and relate the...
Persistent link: https://www.econbiz.de/10012834963
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
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
Price inflation in the euro area has been stable and low since the Global Financial Crisis, despite notable changes in … remained stubbornly stable and low in the euro area over the past two decades. For this purpose, we exploit a rich firm …-level database to show that over the period 1995–2018 the aggregate markup in the euro area has been on the rise, mainly on account …
Persistent link: https://www.econbiz.de/10013313119
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