Showing 1 - 10 of 14,313
We study whether the adoption of the Euro and a single monetary policy have brought about a change in the monetary … transmission mechanism and between the interactions of monetary policy, fiscal policy and financial stress in the Euro area. We …
Persistent link: https://www.econbiz.de/10013050644
This paper explores the potential effectiveness of the ECBś Outright Monetary Transaction (OMT) program in safeguarding an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting sovereign bond purchases on secondary markets, a stable...
Persistent link: https://www.econbiz.de/10010246072
, which have been especially vocal in the euro area. This short piece addresses the issue of the financial stability …
Persistent link: https://www.econbiz.de/10011718904
In order to fight the economic consequences of the COVID-19 pandemic, monetary and fiscal policy announced a large variety of support packages which are often unprecedented in size. In this paper, we provide an empirical analysis of the responses of European financial markets to these policy...
Persistent link: https://www.econbiz.de/10012224892
the (2007-2009) Global Financial Crisis (GFC), the subsequent fiscal crisis in the euro area and the most recent pandemic …
Persistent link: https://www.econbiz.de/10014077291
The COVID-19 pandemic had disastrous effects on health and economic activity worldwide, including in the Euro Area. The … ensuing economic policies on public support for the common currency, the euro, as measured by the Eurobarometersurvey. It … findsthat public support for the euro reached historically high levels in a majority of the 19 Euro Area member states in the …
Persistent link: https://www.econbiz.de/10013541792
The COVID-19 pandemic had disastrous effects on health and economic activity worldwide, including in the Euro Area. The … ensuing economic policies on public support for the common currency, the euro, as measured by the Eurobarometersurvey. It … findsthat public support for the euro reached historically high levels in a majority of the 19 Euro Area member states in the …
Persistent link: https://www.econbiz.de/10013455597
This paper provides new insights about the existence of expansionary fiscal consolidations in the Economic and Monetary Union, using annual panel data for 14 European Union countries over the period 1970-2012. Different measures for assessing fiscal consolidations based on the changes in the...
Persistent link: https://www.econbiz.de/10013050643
This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro … crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances … unemployment continue to plague euro crisis countries. Its huge current account surplus highlights that the euro currency union …
Persistent link: https://www.econbiz.de/10011894027
Persistent link: https://www.econbiz.de/10012183991