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The interest rate and credit channels in Belgium : an investigation with micro-level firm data
Butzen, Paul; Fuss, Catherine; Vermeulen, Philip - 2001
Persistent link: https://www.econbiz.de/10001637064
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The impact of financial position on investment : an anlysis for non-financial corporations in the euro area
Martínez-Carrascal, Carmen (contributor);  … - 2008
sample of non-financial corporations (around 120,000 firms) in six euro area countries (Belgium, Germany, France, Italy, the … Netherlands and Spain). The results indicate that financial position is important to explain capital expenditures, as financial … appears to be especially large in the Netherlands and Italy and relatively small in Germany …
Persistent link: https://www.econbiz.de/10003790950
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The effect of macroeconomic uncertainty on household spending
Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - 2021
Using a new survey of European households, we study how exogenous variation in the macroeconomic uncertainty perceived by households affects their spending decisions. We use randomized information treatments that provide different types of information about the first and/or second moments of...
Persistent link: https://www.econbiz.de/10012519401
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The bank lending channel : lessons from the crisis
Gambacorta, Leonardo; Marqués Ibáñez, David - 2011
The 2007-2010 financial crisis highlighted the central role of financial intermediaries' stability in buttressing a smooth transmission of credit to borrowers. While results from the years prior to the crisis often cast doubts on the strength of the bank lending channel, recent evidence shows...
Persistent link: https://www.econbiz.de/10009006625
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Macroeconomic effects of unconventional monetary policy in the Euro Area
Peersman, Gert - 2011
I find that the Eurosystem can stimulate the economy beyond the policy rate by increasing the size of its balance sheet or the monetary base. The transmission mechanism turns out to be different compared to traditional interest rate innovations: (i) whilst the effects on economic activity and...
Persistent link: https://www.econbiz.de/10009380927
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Financial intermediation and technology : what's old, what's new?
Boot, Arnoud W. A.; Hoffmann, Peter; Laeven, Luc; … - 2020
We study the effects of technological change on financial intermediation, distinguishing between innovations in information (data collection and processing) and communication (relationships and distribution). Both follow historic trends towards an increased use of hard information and less...
Persistent link: https://www.econbiz.de/10012241264
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The effects of climate change on the natural rate of interest : a critical survey
Mongelli, Francesco Paolo; Pointner, Wolfgang; End, … - 2022
This survey reviews the literature about the impact of climate change on the natural rate of interest (r*), an important yardstick for monetary policy. Economic and financial developments can lower r* in scenarios with increasing climate-related damages and uncertainty that reduce productivity...
Persistent link: https://www.econbiz.de/10013448676
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How frequently do prices change?
Aucremanne, Luc; Dhyne, Emmanuel - 2004
This paper examines the degree of price rigidity in Belgian consumer prices, using a large database. As to the observed degree of rigidity, the results reveal a substantial amount of heterogeneity, not only across but also within product categories. While prices turn out to be perfectly flexible...
Persistent link: https://www.econbiz.de/10009636700
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How do firms adjust their wage bill in Belgium? : a decomposition along the intensive and extensive margins
Fuss, Catherine (contributor) - 2008
matched with firms' annual accounts for Belgium over the period 1997-2001. Results point to asymmetric behaviour depending on …
Persistent link: https://www.econbiz.de/10003636088
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The patterns and determinants of price setting in the Belgian industry
Cornille, David (contributor); Dossche, Maarten (contributor) - 2006
This paper documents the patterns and determinants of price setting in the Belgian industry. We analyse the micro data underlying the Producer Price Index (PPI) over the period from February 2001 to January 2005. On average only one out of four prices changes in a typical month, whereas the...
Persistent link: https://www.econbiz.de/10003320754