In this paper, we provide evidence for a risk-taking channel of monetary policy transmission in the euro area that …, in addition to the standard variables for real GDP growth, inflation, and the monetary policy stance, indicators of bank … lending standards and bank lending margins. Based on vector autoregressive models with (i) recursive identification and (ii …

In this paper, we provide evidence for a risk-taking channel of monetary policy transmission in the euro area. Our …, and the main refinancing rate, indicators of bank lending standards and bank lending margins. Based on vector …

In this paper, we provide evidence for a risk-taking channel of monetary policy transmission in the euro area that …, in addition to the standard variables for real GDP growth, inflation, and the monetary policy stance, indicators of bank … lending standards and bank lending margins. Based on vector autoregressive models with (i) recursive identification and (ii …

We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over …, this provides further evidence for a financial accelerator in the euro area. Finally, the detrimental effect of credit …

We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over …, this provides further evidence for a financial accelerator in the euro area. Finally, the detrimental effect of credit …

transmission in the euro area over the period 1999..2015. MVARs allow us to differentiate between different states of the economy … policy transmission in the euro area can indeed be described as a mixture of two states. The first (second) state with an … euro area during times of economic and financial distress. …

transmission in the euro area over the period 1999-2015. MVARs allow us to differentiate between different states of the economy … multiple variables. We show that monetary policy transmission in the euro area can indeed be described as a mixture of two … the transmission mechanism is indeed different for the euro area during times of economic and financial distress. …

We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over … the crisis state, this provides further evidence for a financial accelerator in the euro area. Finally, the detrimental …

euro-area and national macroe- conomic forecasts. Our key findings are as follows. First, inflation and growth expectations …

In this paper, we provide evidence for a risk-taking channel of monetary policy transmission in the euro area that … stance, the aforementioned two indicators for the shadow banking sector. Based on vector autoregressive models for the euro … financial assets. Country-specific as well as sector-specific estimations confirm these findings for most of the euro area …