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up to the strategies followed by the leading central banks of the era; the Bank of England in the eighteenth and …
Persistent link: https://www.econbiz.de/10012453864
In this paper we provide empirical measures of central bank credibility and augment these with historical narratives …
Persistent link: https://www.econbiz.de/10012457842
This paper examines the historical evolution of central bank credibility using both historical narrative and empirics … financial stability relying on macro prudential regulation may pose significant challenges for central bank credibility …
Persistent link: https://www.econbiz.de/10012457973
We construct company panel datasets for manufacturing firms in Belgium, France, Germany and the UK, covering the period …
Persistent link: https://www.econbiz.de/10012472928
: Belgium, Denmark, Ireland, Germany, the Netherlands, Norway and Italy for the year 1992. Based on the estimation of a …
Persistent link: https://www.econbiz.de/10012466388
disentangle loan supply from loan demand shift in the bank lending channel' literature. The results, derived from a sample of … the literature for Italy, interest rates on shortterm lending of liquid and well-capitalized banks react less to a … in the pass-through on the interest rate on current accounts depends mainly on banks' liability structure. Bank's size is …
Persistent link: https://www.econbiz.de/10012468399
By age 77 a plurality of women in wealthy Western societies are widows. Comparing older (aged 70+) married women to widows in the American Time Use Survey 2003-18 and linking the data to the Current Population Survey allow inferring the short- and longer-term effects of an arguably exogenous...
Persistent link: https://www.econbiz.de/10012533301
estimate only moderate effects on the financial sector: the share of Non Performing Loans on bank balance sheets would increase …
Persistent link: https://www.econbiz.de/10012481180
This paper assesses the prospects of a 2021 time bomb in SME failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis. Policies implemented in 2020, on their own, do not create a 2021 "time-bomb" for SMEs. Rather, business failures and policy costs remain...
Persistent link: https://www.econbiz.de/10012482634
We study the impact of foreign direct investment (FDI) on total factor productivity (TFP) of domestic firms using a new, representative firm-level data set spanning six countries. A novel finding is that firm-level spillovers from foreign firms to domestic companies can be significantly...
Persistent link: https://www.econbiz.de/10012455039