Narrow search
Showing 1 - 10 of 64
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Employment and the conduct of monetary policy in the euro area
2021
price stability is shown to provide flexibility to contribute to the achievement of the EU’s full employment objective …
Persistent link: https://www.econbiz.de/10012627177
Cover Image
The growth-at-risk perspective on the system-wide impact of Basel III finalisation in the euro area
Budnik, Katarzyna; Dimitrov, Ivan; Giglio, Carla; … - 2021
This paper assesses the macroeconomic implications of the Basel III finalisation for the euro area, employing a large-scale semi-structural model encompassing over 90 banks and 19-euro area economies. The new regulatory framework will influence banks’ reactions to economic conditions and, as a...
Persistent link: https://www.econbiz.de/10012602350