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Liquidity, inflation and asset prices in a time-varying framework for the euro area
Baumeister, Christiane; Durinck, Eveline; Peersman, Gert - 2008
In this paper, we investigate how the dynamic effects of excess liquidity shocks on economic activity, asset prices and … inflation differ over time. We show that the impact varies considerably over time, depends on the source of increased liquidity …
Persistent link: https://www.econbiz.de/10011610148
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Liquidity, inflation and asset prices in a time-varying framework for the euro area
Baumeister, Christiane; Durinck, Eveline; Peersman, Gert - 2008
Persistent link: https://www.econbiz.de/10003769044
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Liquidity, inflation and asset prices in a time-varying framework for the euro area
Baumeister, Christiane; Durinck, Eveline; Peersman, Gert - 2008
In this paper, we investigate how the dynamic effects of excess liquidity shocks on economic activity, asset prices and … inflation differ over time. We show that the impact varies considerably over time, depends on the source of increased liquidity …
Persistent link: https://www.econbiz.de/10011506663
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Commodity price shocks and global cycles : monetary policy matters
Castelnuovo, Efrem; Mori, Lorenzo; Peersman, Gert - 2024
Persistent link: https://www.econbiz.de/10014537398
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Commodity price shocks and global cycles : monetary policy matters
Castelnuovo, Efrem; Mori, Lorenzo; Peersman, Gert - 2024
We employ a structural VAR model with global and US variables to study the relevance and transmission of oil, food commodities, and industrial input price shocks. We show that commodities are not all alike. Industrial input price changes are almost entirely endogenous responses to other shocks....
Persistent link: https://www.econbiz.de/10014550949
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Do SVARs with sign restrictions not identify unconventional monetary policy shocks?
Boeckx, Jef; Dossche, Maarten; Galesi, Alessandro; … - 2019
A growing empirical literature has shown, based on structural vector autoregressions (SVARs) identified through sign restrictions, that unconventional monetary policies implemented after the outbreak of the Great Financial Crisis (GFC) had expansionary macroeconomic effects. In a recent paper,...
Persistent link: https://www.econbiz.de/10012051250
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Do SVARs with sign restrictions not identify unconventional monetary policy shocks?
Boeckx, Jef; Dossche, Maarten; Galesi, Alessandro; … - 2019
Persistent link: https://www.econbiz.de/10012131198
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Do SVARs with sign restrictions not identify unconventional monetary policy shocks?
Boeckx, Jef; Dossche, Maarten; Galesi, Alessandro; … - 2019
A growing empirical literature has shown, based on structural vector autoregressions (SVARs) identified through sign restrictions, that unconventional monetary policies implemented after the outbreak of the Great Financial Crisis (GFC) had expansionary macroeconomic effects. In a recent paper,...
Persistent link: https://www.econbiz.de/10012023612
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Do SVARs with sign restrictions not identify unconventional monetary policy shocks?
Boeckx, Jef; Dossche, Maarten; Galesi, Alessandro; … - 2019
Persistent link: https://www.econbiz.de/10012121831
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The transmission mechanism of credit support policies in the Euro Area
Boeckx, Jef; Sola Perea, Maite de; Peersman, Gert - 2017
sheets (liquidity effect), banks that depend more on wholesale funding (retail effect) and low-capitalized banks (capital … levels of bank capitalization at the same time mitigate the size, retail and liquidity effects of the policies. The drag on … responded more to the credit support policies of the Eurosystem as a result of more favourable size, retail and liquidity …
Persistent link: https://www.econbiz.de/10011646726