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Monetary Policy, Bank Capital and Credit Supply : A Role for Discouraged and Informally Rejected Firms

Popov, Alexander A. - 2013

This paper conducts the first empirical study of the bank balance sheet channel using data on discouraged and informally rejected firms in addition to information on the formal loan granting process. I take advantage of a unique survey data on the credit experience of firms in 8 economies that...

Persistent link: https://www.econbiz.de/10013075926

Are Specific Skills an Obstacle to Labor Market Adjustment? Theory and an Application to the EU Enlargement

Lamo, Ana; Messina, Julián; Wasmer, Etienne - 2021

, Poland, and a small open economy with increased flexibility, Estonia, we document and find support for our claim …. Quantitative exercises suggest that the overspecializaton of the labor force in Poland explain to a large extent the much higher … and persistent unemployment compared to Estonia during the period of EU enlargement …

Persistent link: https://www.econbiz.de/10013318030

Do EU Structural Funds Promote Regional Employment? Evidence from Dynamic Panel Data

Mohl, Philipp - 2011

Despite its rather broad goal of promoting 'economic, social and territorial cohesion', the existing literature has mainly focused on investigating the Cohesion Policy's growth effects. This ignores the fact that part of the EU expenditures is directly aimed at reducing disparities in the...

Persistent link: https://www.econbiz.de/10013118136

The Role of Fiscal Transfers for Regional Economic Convergence in Europe

Checherita-Westphal, Cristina D. - 2009

This paper provides evidence on the role of net fiscal transfers to households and EU structural funds for per-capita output convergence across a large sample of European regions during the period 1995-2005. We find that net fiscal transfers, while achieving regional redistribution, seem to...

Persistent link: https://www.econbiz.de/10012764767

Real Estate Markets and Macroprudential Policy in Europe

Hartmann, Philipp - 2015

Boom-bust cycles in real estate markets have been major factors in systemic financial crises and therefore need to be at the forefront of macroprudential policy. The geographically differentiated nature of real estate market fluctuations implies that these policies need to be granular across...

Persistent link: https://www.econbiz.de/10013020662

International Spillovers of Quantitative Easing

Kolasa, Marcin; Wesolowski, Grzegorz - 2021

This paper develops a two-country model with asset market segmentation to investigate the effects of quantitative easing implemented by the major central banks on a typical small open economy that follows independent monetary policy. The model is able to replicate the key empirical facts on...

Persistent link: https://www.econbiz.de/10013315413

Feedback to the ECB's Monetary Analysis : The Bank of Russia's Experience with Some Key Tools

Ponomarenko, Alexey A. - 2012

banks given their specific institutional, economic and financial environment. We take the case of the Bank of Russia in …

Persistent link: https://www.econbiz.de/10013100833

Optimal Reserve Composition in the Presence of Sudden Stops : The Euro and the Dollar as Safe Haven Currencies

Beck, Roland - 2008

We analytically derive optimal central bank portfolios in a minimum variance framework with two assets and quot;transaction demandsquot; caused by sudden stops in capital inflows. In this model, the transaction demands become less important relative to traditional portfolio objectives as debt to...

Persistent link: https://www.econbiz.de/10012771394

Wage and Price Setting Behaviour of Lithuanian Firms

Virbickas, Ernestas - 2010

Price and Wage Setting” undertaken by the Bank of Lithuania. The paper provides survey evidence on the frequency of wage and …

Persistent link: https://www.econbiz.de/10013143633

Export Characteristics and Output Volatility : Comparative Firm-Level Evidence for CEE Countries

Čede, Urška - 2016

an effect on the output volatility of firms. We use large representative firm-level databases from Estonia, Hungary …

Persistent link: https://www.econbiz.de/10012992414

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