Similar Search Results

Who benefits from the corporate QE? : a regression discontinuity design approach

Abidi, Nordine; Miquel-Flores, Ixart - 2018

mechanism and the liquidity channel. …

Persistent link: https://www.econbiz.de/10011820153

Banks' trading after the Lehman crisis : the role of unconventional monetary policy

Podlich, Natalia; Schnabel, Isabel; Tischer, Johannes - 2017

liquidity tightened after the Lehman collapse but there is no evidence of fire sales in the German banking sector. Instead, we … observe a broad-based flight to liquidity. The European Central Bank's unconventional monetary policy had a strong impact on … banks' trading behavior by inducing shifts towards eligible securities and reducing pressure on market liquidity. This …

Persistent link: https://www.econbiz.de/10011671299

What are the macroeconomic effects of asset purchases?

Weale, Martin; Wieladek, Tomasz - 2014

We examine the impact of large-scale asset purchases of government bonds on real GDP and the CPI in the United Kingdom and the United States with a Bayesian VAR, estimated on monthly data from 2009 M3 to 2013 M5. We identify an asset purchase shock with sign and zero restrictions. In contrast to...

Persistent link: https://www.econbiz.de/10011537061

What are the macroeconomic effects of asset purchases?

Weale, Martin; Wieladek, Tomasz - 2014

Persistent link: https://www.econbiz.de/10010403096

The macroeconomic effects of asset purchases revisited

Hesse, Henning; Hofmann, Boris; Weber, James - 2018

This paper revisits the macroeconomic effects of the large-scale asset purchase programmes launched by the Federal Reserve and the Bank of England from 2008. Using a Bayesian VAR, we investigate the macroeconomic impact of shocks to asset purchase announcements and assess changes in their...

Persistent link: https://www.econbiz.de/10011793027

Unconventional monetary policy, leverage & default dynamics

Palombo, Edoardo - 2020

The objective of this paper to investigate the effectiveness of credit easing policy in mitigating the economic fallout from a financial recession using a model that can account for the observed default and leverage dynamics during the financial crisis of 2007. A general equilibrium model is...

Persistent link: https://www.econbiz.de/10012243296

Asymmetric macroeconomic effects of QE-induced increases in excess reserves in a monetary union

Horst, Maximilian; Neyer, Ulrike; Stempel, Daniel - 2020

countries. This paper develops a two-country New Keynesian model { calibrated to represent a high- and a low-liquidity euro area …. These dampening effects are higher in the high-liquidity country. We find similar results in response to a monetary policy …

Persistent link: https://www.econbiz.de/10012243601

COVID-19 Crisis, Bankruptcy Risk, and Transition Dynamics

Lamichhane, Sujan - 2021

bankruptcy risks, monetary policies of providing market liquidity are more effective in generating faster transition dynamics …

Persistent link: https://www.econbiz.de/10013242060

Unconventional monetary policy in the euro area : impacts on loans, employment, and investment

Afonso, António; Pereira, Francisco Gomes - 2022

Using a difference-in-differences identification strategy on a micro panel at the bank and firm level, we study the transmission effectiveness of ECB’s large-scale asset purchasing programs programs (i.e. APP and PEPP) in the Euro area. Our findings show: first, balance sheet composition of...

Persistent link: https://www.econbiz.de/10012888479

Differential effects of unconventional monetary policy

Eiblmeier, Sebastian - 2023

Did the Eurosystem's quantitative easing from 2015 to 2018 have differential effects regarding the bank lending volume to different institutional sectors, industry sectors, or types of loans? To investigate this question, this paper employs linked microdata of the German banking system. These...

Persistent link: https://www.econbiz.de/10014366718

1
2
3
4
5
6
7
8
9
10
Next
Last