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The European Central Bank, machinic enslavement, and the Greek public sector

Selmic, Radman - In: Finance and society 2 (2016) 1, pp. 45-61

responsibility for the Eurozone crisis from the private to the public sector. Focusing on Greece, I argue that the ECB constructed … the morality of the public debtor in such a way as to make this transfer of responsibility easier and the imposition of … exclusively in terms of public sector responsibility. However, the ECB also employed a range of non-linguistic policy measures …

Persistent link: https://www.econbiz.de/10012029091

Effects of QE on sovereign bond spreads through the safe asset channel

End, Jan-Willem van den - In: International journal of finance & economics : IJFE 30 (2025) 2, pp. 1143-1162

Persistent link: https://www.econbiz.de/10015375249

Riding the rate wave : interest rate and run risks in euro area banks during the 2022-2023 monetary cycle

Rice, Jonathan; Guerrini, Giulia Maria - 2025

This paper examines how the ECB's 2022-2023 interest-rate hikes affected euro-area banks' economic net worth and vulnerability to deposit runs. Drawing on granular, confidential data for 139 banks, we estimate each bank's economic net worth and find that unrealised losses on loans and bonds...

Persistent link: https://www.econbiz.de/10015427429

Non-neutral monetary policy towards sustainability in the Eurozone : an analysis of refinancing operations and minimum reserve policy

Walter, Johann - In: Credit and capital markets : Kredit und Kapital 57 (2024) 1/4, pp. 7-29

This article reviews the discussion with respect to a justification of a non-neutral monetary policy and analyses design options for such a policy. The analysis is limited to refinancing operations and minimum reserve policy. Monetary policy with a green bias, while being controversially...

Persistent link: https://www.econbiz.de/10015427446

Beyond averages : heterogeneous effects of monetary policy in a HANK model for the euro area

Kase, Hanno; Dinis Rigato, Rodolfo - 2025

We introduce an estimated medium scale Heterogeneous-Agent New Keynesian model for forecasting and policy analysis in the Euro Area and discuss the applications of this type of models in central banks, focusing on two main exercises. First, we examine an alternative scenario for monetary policy...

Persistent link: https://www.econbiz.de/10015439385

The macroeconomic effects of reducing a central bank monetary policy portfolio : a model-based evaluation

Bartocci, Anna; Notarpietro, Alessandro; Pisani, … - 2024

Persistent link: https://www.econbiz.de/10015406269

Business loan characteristics and inflation shocks transmission in the euro area

Michelangeli, Valentina; Piersanti, Fabio Massimo - 2025

Persistent link: https://www.econbiz.de/10015406420

What can central banks do to take the Paris Agreement seriously?

Schoenmaker, Dirk; McKechnie, Hesse - 2024

Since the Paris Agreement on climate change was signed in 2015, its 195 signatories have seen financial instability resulting from the climate transition increase by approximately one third, in the context of still-increasing global emissions. In the European Union, emissions have fallen but...

Persistent link: https://www.econbiz.de/10015406668

Monetary policy in currency unions with unequal countries

Boehnert, Lukas; De Ferra, Sergio; Mitman, Kurt; Romei, … - 2025

We investigate how the composition of expenditure shapes the transmission of monetary policy in a currency union. European Monetary Union data reveal three facts: (1) higher inequality countries have larger service expenditure shares; (2) monetary policy has a weaker output impact in these...

Persistent link: https://www.econbiz.de/10015411641

The local supply effect of asset purchases : evidence from the Eurosystem’s CSPP

Haes, Casper de; Hudepohl, Tom; Kakes, Jan - 2025

Persistent link: https://www.econbiz.de/10015413402