Showing 1 - 10 of 307
Persistent link: https://www.econbiz.de/10012267217
Persistent link: https://www.econbiz.de/10001891651
This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings are: i) Under the current monetary policy regime, the...
Persistent link: https://www.econbiz.de/10011622329
Persistent link: https://www.econbiz.de/10002635956
Persistent link: https://www.econbiz.de/10002125231
This paper analyses the link between economic fundamentals and exchange rates by investigating the importance of real-time data. We find that such economic news in the United States, Germany and the euro area have indeed been a driving force behind daily US dollar - euro/DEM exchange rate...
Persistent link: https://www.econbiz.de/10013319332
Persistent link: https://www.econbiz.de/10013434702
We study the convergence of European bond markets and the anchoring of inflation expectations in euro area countries using high-frequency bond yield data for France, Germany, Italy and Spain. We find that Economic and Monetary Union (EMU) has led to substantial convergence in euro area sovereign...
Persistent link: https://www.econbiz.de/10011604863
monetary policy does alter bank loan supply, with the effects most dependent on the liquidity of individual banks. Unlike in … the US, the size of a bank does generally not explain its lending reaction. We also show that the standard publicly … ergibt, dass die Geldpolitik das Bankkreditangebot beeinflußt, wobei die Stärke dieses Effekts über Banken in Abhängigkeit …
Persistent link: https://www.econbiz.de/10011419463
European Central Bank’s (ECB’s) announcement of its Outright Monetary Transactions (OMT) program in 2012. At the same time …
Persistent link: https://www.econbiz.de/10010519824