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We quantify spillovers of inflation expectations between the United States (US) and Euro Area (EA) based on break-even inflation (BEI) rates. In contrast to previous studies, we model US and EA BEI rates jointly in a structural vector autoregressive (SVAR) model. The SVAR approach allows to...
Persistent link: https://www.econbiz.de/10010255370
) conducted by the ECB by putting them into a broader context. The perspective taken is that prevailing in the first half of the … year 2012, directly after the path-breaking ECB decisions were made. The main aim of the paper is to convey an impression … losses for the ECB and try to assess inflation dangers stemming from the 3Y LTROs. In the same section, we also look at the …
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cost channel theory. Taken together, the results of both panel data and time series analyses imply that the ECB's low …
Persistent link: https://www.econbiz.de/10012959568
cost channel theory. Taken together, the results of both panel data and time series analyses imply that the ECB’s low …
Persistent link: https://www.econbiz.de/10011630975
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the monetary policy stance of the ECB. To this end, a vector autoregression model comprised of the differenced interest …
Persistent link: https://www.econbiz.de/10011476385