Similar Search Results

Benefits and costs of the ETS in the EU, a lesson learned for the CBAM design

Böning, Justus; Di Nino, Virginia; Folger, Till - 2023

The EU is revising its emissions trading system (ETS) and plans to impose a carbon border adjustment mechanism (CBAM) on imports. We evaluate the efficacy of the ETS retrospectively and its anti-competitive effects. We find that the ETS contributed to cut greenhouse gas (GHG) emissions in the EU...

Persistent link: https://www.econbiz.de/10013490761

Short-term forecasts of euro area real GDP growth : an assessment of real-time performance based on vintage data

Diron, Marie (contributor) - 2006

Economic policy makers, international organisations and private-sector forecasters commonly use short-term forecasts of real GDP growth based on monthly indicators, such as industrial production, retail sales and confidence surveys. An assessment of the reliability of such tools and of the...

Persistent link: https://www.econbiz.de/10003320770

Reporting biases and survey results : evidence from European professional forecasters

Garcia, Juan Angel (contributor); … - 2007

Using data from the ECB's Survey of Professional Forecasters, we investigate the reporting practices of survey participants by comparing their point predictions and the mean/median/mode of their probability forecasts. We find that the individual point predictions, on average, tend to be biased...

Persistent link: https://www.econbiz.de/10003599569

Forecasting ECB monetary policy : accuracy is (still) a matter of geography

Berger, Helge (contributor); Ehrmann, Michael (contributor); … - 2006

Monetary policy in the euro area is conducted within a multi-country, multicultural, and multi-lingual context involving multiple central banking traditions. How does this heterogeneity affect the ability of economic agents to understand and to anticipate monetary policy by the ECB? Using a...

Persistent link: https://www.econbiz.de/10003250445

The impact of the ECB's targeted long-term refinancing operations on banks' lending policies : the role of competition

Andreeva, Desislava Č.; García-Posada, Miguel - 2020

We assess the impact of the Eurosystem's Targeted Long-Term Refinancing Operations (TLTROs) on the lending policies of euro area banks. We first build a theoretical model in which banks compete in the credit and deposit markets. We distinguish between direct and indirect effects. Direct effects...

Persistent link: https://www.econbiz.de/10012150125

How does competition affect efficiency and soundness in banking? : new empirical evidence

Schaeck, Klaus (contributor); Čihák, Martin (contributor) - 2008

A growing body of literature indicates that competition increases bank soundness. Applying an industrial organization … role in the transmission from competition to soundness. We use a twopronged approach. First, we employ Granger causality … tests to establish the link between competition and measures of profit efficiency in banking, and find that competition …

Persistent link: https://www.econbiz.de/10003789457

The dynamics of bank spreads and financial structure

Gropp, Reint (contributor); … - 2007

monetary policy was up (down). Overall, we find that competition among banks and competition from financial markets result in a …

Persistent link: https://www.econbiz.de/10003410596

A new approach to measuring competition in the loan markets of the euro area

Leuvensteijn, Michiel van; Bikker, Jacob A.; Rixtel, … - 2007

This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This … approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … competition can consider the entire banking market only. A caveat of the Boone-indicator may be that it assumes that banks …

Persistent link: https://www.econbiz.de/10003484173

Price, wage and employment response to shocks : evidence from the WDN survey

Bertola, Giuseppe; Dabusinskas, Aurelijus; Hoeberichts, … - 2010

intensity of competition in firms' product markets, on the importance of collective wage bargaining and on other structural and …

Persistent link: https://www.econbiz.de/10003971260

Interbank market integration, loan rates, and firm leverage

Ongena, Steven; Popov, Alexander - 2010

; selection ; loan rates ; bank competition ; firm leverage …

Persistent link: https://www.econbiz.de/10008659379

1
2
3
4
5
6
7
8
9
10
Next
Last