The paper investigates the effect of monetary policy uncertainty on stock market volatility. Higher monetary … uncertainty leads to lower stock market volatility both in sample and out of sample. Monetary policy uncertainty matters more for … the volatility of big firms, profitable firms and past winner firms. The channel of future cash flow volatility helps …

In this paper, we empirically analyze the transmission of realized interest rate risk - the gain or loss in bank … economic capital due to movements in interest rates - to bank lending. We exploit a unique panel data set that contains … a permanent 1 percentage point upward shock in nominal interest rates, the average bank of 2013Q3 would ceteris paribus …

We identify the effects of negative interest rate policies on bank behavior using difference-in differences … mortgage margins is shown to depend on market power. Third, imposing negative rates on all central bank reserves causes banks …

confidential supervisory measure of IRR, this paper identifies which bank-specific characteristics can amplify or weaken the impact … the European Central Bank (ECB) reveal greater IRR exposure. These findings advance the debate on the impact on euro area …