Showing 1 - 6 of 6
euro area and for supervising all euro area banks in order to ensure their safety and soundness, some directly and some …
Persistent link: https://www.econbiz.de/10012132851
Persistent link: https://www.econbiz.de/10010480636
Due to the international dimension of the financial sector within the EU and beyond, domestically oriented macroprudential policies have the potential to create material cross-border spillover effects. This occasional paper provides a detailed overview of the academic and empirical literature on...
Persistent link: https://www.econbiz.de/10012254361
This paper assesses the potential economic impact of Next Generation EU (NGEU), focusing on the euro area. Its findings … pandemic-induced crisis and longer-term modernisation of the euro area economy through their digital and green transitions …, fiscal stimulus and risk premium. Overall, NGEU may increase gross domestic product (GDP) in the euro area by up to 1.5% by …
Persistent link: https://www.econbiz.de/10013188827
Central banks around the world are increasingly monitoring climate change risks and how these affect their balance sheets and their monetary policy transmission. The European Central Bank (ECB) extensively reviewed its monetary policy implementation framework in 2020-21 to better account also...
Persistent link: https://www.econbiz.de/10014303237
assesses the macroeconomic impact on the euro area of different uses of NGEU, using a large dynamic stochastic general … equilibrium (DSGE) model of the euro area and global economy (EAGLE) that has been adapted to reflect the modalities of the NGEU …
Persistent link: https://www.econbiz.de/10012417434