monetary transmission via private sector balance sheets, credit risk spreads and asset markets in an integrated setup and to …

This paper assesses the role of the housing market in the transmission of conventional and unconventional monetary … fashion across regions. Although the housing channel plays a minor role in the transmission of monetary policy to the economy … the diverse transmission of monetary policy to economic activity across regions, finding a larger impact in areas with …

appropriate degree of policy accommodation. The transmission of these measures through the currency union remained highly …-specific macroeconomic transmission of selected non-standard measures from the ECB using a global DSGE model with a rich financial sector: we … rate responses after ECB's Asset Purchase Programme (APP) first announcement. The domestic transmission of the APP through …

international shock propagation for the euro area, the US, Japan, the UK, China, oil-exporting economies and the rest of the world …

control the transmission channel of central bank asset purchases are then adjusted to reproduce the easing of lending …

Do negative policy rates hinder banks' transmission of monetary policy? To answer this question, we examine the … structure of banks may matter for the transmission of negative policy rates, especially for long-maturity illiquid assets … policy transmission to households under modestly negative rates are likely overstated …

-sector heterogeneity. Distinguishing different transmission channels, we find that in particular the transmission via US and foreign short …-term interest rates and the exchange rate play an important role. As to the determinants of the strength of transmission to …, thus linking the strength of asset price transmission to underlying trade and asset holdings, and find that in particular …

impact of political shocks on the domestic economy of member states but magnified the transmission of political shocks within …