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The impact of regulating occupational pensions in Europe on investment and financial stability
Amzallag, Adrien (contributor); Kapp, Daniel (contributor);  … - 2014
Persistent link: https://www.econbiz.de/10010480636
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The four unions “PIE” on the monetary union “CHERRY” : a new index of European institutional integration
Dorrucci, Ettore; Ioannou, Demosthenes; Mongelli, … - 2015
Persistent link: https://www.econbiz.de/10010480945
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The role of financial stability considerations in monetary policy and the interaction with macroprudential policy in the euro area
2021
Since the European Central Bank’s (ECB’s) 2003 strategy review, the importance of macro-financial amplification channels for monetary policy has increasingly gained recognition. This paper takes stock of this evolution and discusses the desirability of further incremental enhancements in the...
Persistent link: https://www.econbiz.de/10012650769
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Monetary-fiscal policy interactions in the euro area
2021
The last review of the ECB’s monetary policy strategy in 2003 followed a period of predominantly upside risks to price stability. Experience following the 2008 financial crisis has focused renewed attention on the question of how monetary and fiscal policy should best interact, in particular...
Persistent link: https://www.econbiz.de/10012650770
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Evolution of the ECB's analytical framework
Holm-Hadulla, Fédéric; Musso, Alberto; Rodriguez … - 2021
This paper discusses the role of economic and monetary analysis in the monetary policy strategy of the European Central Bank (ECB). Both areas of analysis have evolved since the 2003 strategy review. Economic analysis has assigned an increasingly relevant role to the Eurosystem and ECB staff...
Persistent link: https://www.econbiz.de/10012650792
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Assessing the efficacy, efficiency and potential side effects of the ECB's monetary policy instruments since 2014
Altavilla, Carlo; Lemke, Wolfgang; Linzert, Tobias; … - 2021
This paper summarises the work done by Eurosystem staff in the context of the Strategy Review Seminar on Monetary Policy Instruments. More specifically, it focuses on the efficacy, efficiency and potential side effects of the key monetary policy instruments employed by the European Central Bank...
Persistent link: https://www.econbiz.de/10012650793
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Overview of central banks' in-house credit assessment systems in the euro area
Auria, Laura; Bingmer, Markus; Caicedo Graciano, Carlos … - 2021
The in-house credit assessment systems (ICASs) developed by euro area national central banks (NCBs) are an important source of credit risk assessment within the Eurosystem collateral framework. They allow counterparties to mobilise as collateral the loans (credit claims) granted to non-financial...
Persistent link: https://www.econbiz.de/10012650851
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The impact of the euro on trade : two decades into monetary union
Gunnella, Vanessa; Lebastard, Laura; López-García, Paloma - 2021
The consensus back in 2008 – ten years after the introduction of the euro – was that the adoption of a common currency had made a limited impact of around 2% in total on the trade flows of the first wave of euro area countries (Baldwin et al., 2008). Since then, six more countries have...
Persistent link: https://www.econbiz.de/10012650865
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Digitalisation : channels, impacts and implications for monetary policy in the euro area
2021
The digitalisation workstream report analyses the degree of digital adoption across the euro area and EU countries and … of digital adoption differs across the euro area/EU, implying heterogeneous impacts, with most EU economies currently …. The pandemic has accelerated the use of teleworking: roughly every third job in the euro area/EU is teleworkable, although …
Persistent link: https://www.econbiz.de/10012626753
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Review of macroeconomic modelling in the Eurosystem : current practices and scope for improvement
2021
This paper provides an assessment of the macroeconomic models regularly used for forecasting and policy analysis in the Eurosystem. These include semi-structural, structural and time-series models covering specific jurisdictions and the euro area within a closed economy, small open economy,...
Persistent link: https://www.econbiz.de/10012627141