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The effects of the ECB's pandemic-related monetary policy measures
Nelimarkka, Jaakko; Laine, Olli-Matti - 2021
We assess the macroeconomic impact of pandemic-related monetary policy measures of the ECB. Conditioning on …
Persistent link: https://www.econbiz.de/10012622376
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Do SVARs with sign restrictions not identify unconventional monetary policy shocks?
Boeckx, Jef; Dossche, Maarten; Galesi, Alessandro; … - 2019
A growing empirical literature has shown, based on structural vector autoregressions (SVARs) identified through sign restrictions, that unconventional monetary policies implemented after the outbreak of the Great Financial Crisis (GFC) had expansionary macroeconomic effects. In a recent paper,...
Persistent link: https://www.econbiz.de/10012023612
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International spillovers of ECBś unconventional monetary policy : the effect on Central and Eastern Europe
Halova, Klara; Horváth, Roman - 2015
We examine how unconventional monetary policy of the European Central Bank influences macroeconomic stability in Central and Eastern European economies. We estimate various panel vector autoregressions using monthly data from 2008-2014. Using the shadow policy rate and central bank assets as...
Persistent link: https://www.econbiz.de/10011375694
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Spillover effects from the ECB's unconventional monetary policies : the case of Denmark, Norway and Sweden
Korus, Arthur - In: Athens journal of business & economics : AJBE 5 (2019) 1, pp. 53-77
Persistent link: https://www.econbiz.de/10011956128
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Announcements of ECB unconventional programs : implications for the sovereign risk of Italy
Falagiarda, Matteo; Reitz, Stefan - 2013
This paper studies the effects of ECB communications about unconventional monetary policy operations on the perceived … classified with respect to the specific ECB program. The empirical results are derived from both an event-study analysis and a … that the ECB announcements about unconventional monetary policies substantially reduced Italian long-term government bond …
Persistent link: https://www.econbiz.de/10009783711
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Heterogeneous effects of unconventional monetary policyon the bond yields across the euro area
Demir, İshak; Eroğlu, Burak Alparslan; … - 2021
This paper investigates the impact of the European Central Bank's unconventionalmonetary policies (UMP) between 2008-2019 on the European government bond yields.It adopts a novel econometric approach that combines a data-rich factor analysis andVAR with heteroskadasiticy based identification....
Persistent link: https://www.econbiz.de/10012496467
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After 25 years as faithful members of the EU : public support for the euro and trust in the ECB in Austria, Finland and Sweden
Roth, Felix; Jonung, Lars - 2020
the European Central Bank (ECB) have evolved in these three countries since their introduction at the turn of the century … in Sweden. Since the start of the crisis, trust in the ECB was strongly influenced by the pronounced increase in … unemployment in the euro area, demonstrating that the ECB was held accountable for macroeconomic developments. Our results indicate …
Persistent link: https://www.econbiz.de/10012269193
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Cash is king - effects of ECB's conventional and unconventional measures
Baumgärtner, Martin; Klose, Jens - 2019
variables, using a high frequency data set which measures the impact of the ECB's monetary policy decisions. For the period 2002 …
Persistent link: https://www.econbiz.de/10012099289
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Monetary policy and bank equity values in a time of low and negative interest rates
Ampudia, Miguel; Heuvel, Skander van den - 2019
-frequency event study methodology and intraday data, we find that the effect of surprise interest rate cuts announced by the ECB on …
Persistent link: https://www.econbiz.de/10012182094
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Heterogeneous effects of unconventional monetary policy on bond yields across the euro area
Demir, İshak; Eroğlu, Burak Alparslan; … - 2019
4207 This paper investigates the impact of European Central Bank's unconventional monetary policies between 2008-2016 on the government bond yields of eight European Monetary Union countries and up to eleven different maturities. In identifying this impact, it adopts a novel econometric...
Persistent link: https://www.econbiz.de/10012147209