We analyze the feedback mechanisms between economic downturns and financial stress for several euro area countries. Our …-linearities and amplification mechanisms for some euro area countries. Thus, these strong amplification effects appear to be related …

We analyze the feedback mechanisms between economic downturns and financial stress for euro area countries. Our study … euro area countries. Moreover, linearity cannot be rejected for all countries over some extensive time period questioning …

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 analyze the feedback mechanisms between economic downturns and financial stress for several euro area countries. Our …-linearities and amplification mechanisms for some euro area countries. Thus, these strong amplification effects appear to be related …

of Euro area banks to the global financial crisis. We focus on their interest rate setting behavior in response to …

uncertainty shocks in the euro area and the US, paying particular attention to their effects on prices. While our results confirm …

We study state dependence in the impact of monetary policy shocks over the leverage cycle for a panel of 10 euro area …