Reacting to extreme uncertainty conditions caused by the global financial crisis, the European Central Bank implemented … countercyclical strategy, combining conventional and non-traditional monetary policy tools to stabilize financial markets and euro … area economies. We study the impact of the euro area monetary authority policy interventions on equity returns of four …

The joint effect of the global economic and sovereign debt crisis forced the European Central Bank (ECB) to apply … conventional and non-standard expansionary monetary policy interventions in order to stabilize eurozone economies. We conducted a … panel regression econometric analysis to study the influence of euro area monetary authority policy interventions, along …

In this paper, we show that in order to obtain a sound identification of Euro Area monetary policy shocks, one needs to … deal with the interaction of the European Central Bank and the US Federal Reserve. In other words, a proper identification … of monetary policy shocks for an open economy like the Euro Area requires consideration of the US policy rate. Indeed …