Business investment in the euro area strongly declined during the Global Financial Crisis and the Sovereign Debt Crisis … investigate the main factors that have impeded business investment since the Global Financial Crisis. We empirically analyse how … discuss how effective monetary policy has been in stimulating business investment since the Global Financial Crisis. We …

-sample events and signals correctly both the global financial crisis and the sovereign debt crisis in an out-of-sample setting by … issuing signals in real-time data. Moreover, while tranquil booms are driven by global dynamics, crisis-booms are related to …

experience of central banks during the recent global financial crisis confirms that such risks are not purely hypothetical. …

mechanism of the Eurosystem's credit support policies since the start of the crisis. First, we show that these policies have …

of central bank liquidity to banks during a financial crisis has a positive impact on banks' credit supply to firms. We …