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The external finance premium in the euro area : a useful indicator for monetary policy?

Gelain, Paolo - 2010

-called financial accelerator mechanism developed in Bernanke, Gertler and Gilchrist (1999). The main aim is to obtain a time series for … Area data than the model without them, the former is not satisfactory in many other respects. For instance, the accelerator … ; Euro Area External Finance Premium ; Financial Accelerator ; Bayesian Estimation ; Inflation …

Persistent link: https://www.econbiz.de/10003972629

Business fixed investment : evidence of a financial accelerator in Europe

Vermeulen, Philip - 2000

Persistent link: https://www.econbiz.de/10001554432

The financial accelerator mechanism : does frequency matter?

Foroni, Claudia; Gelain, Paolo; Marcellino, Massimiliano - 2022

with the financial accelerator mechanism a la Bernanke et al. (1999). We find that the financial accelerator can work very …

Persistent link: https://www.econbiz.de/10012815038

Macro and micro of external finance premium and monetary policy transmission

Altavilla, Carlo; Gürkaynak, Refet S.; Quaedvlieg, Rogier - 2024

We establish basic facts about the external finance premium. Tens of millions of individual loan contracts extended to euro area firms allow studying the determinants of the external finance premium at the country, bank, firm, and contract levels of disaggregation. At the country level, the...

Persistent link: https://www.econbiz.de/10014527119

Global policy at the zero lower bound in a large-scale DSGE model

Gomes, Sandra; Jacquinot, Pascal; Mestre, Ricardo - 2010

The purpose of this paper is to analyse whether fiscal policies can alleviate the effects of the zero lower bound (ZLB) on interest rates and if they should be coordinated internationally. The analysis is carried out using EAGLE, a DSGE model of the global economy. We consider that the fiscal...

Persistent link: https://www.econbiz.de/10008688538