Showing 1 - 10 of 19
While corporate credit losses have been low since the start of the Covid-19 pandemic, their future evolution is quite uncertain. Using a forecasting model with a solid track record, we find that the baseline scenario ("expected losses") is benign up to 2024. This is due to policy support...
Persistent link: https://www.econbiz.de/10012605728
Confidence dropped universally across countries and sectors during the height of the COVID-19 pandemic in Europe. Latest survey data suggest that confidence is on track for a v-shaped recovery. The swift implementation of stringent containment measures as well as economic stimulus policy...
Persistent link: https://www.econbiz.de/10012254217
Effective policies to mitigate climate change need to be accompanied by a socially just transition. This is especially … relevant for coal regions. This paper draws on the experiences of past and ongoing transition policies, exploring their …-out policies, advancement of regional transition strategies and the anticipated speed of transition. Insights are mainly derived …
Persistent link: https://www.econbiz.de/10013172859
Persistent link: https://www.econbiz.de/10014486871
In this paper we analyze features of the recent business cycle with a New Keynesian small open economy DSGE model with labour market frictions and wage rigidity. The model complements the existing analytical tools of the Bank of Finland by enabling detailed analysis of labour markets in a DSGE...
Persistent link: https://www.econbiz.de/10014265623
Persistent link: https://www.econbiz.de/10014230167
We assess the macroeconomic impact of pandemic-related monetary policy measures of the ECB. Conditioning on counterfactual interest rate paths that would have materialised in the absence of the policies, the macroeconomic effects are measured using structural vector autoregressions. In the...
Persistent link: https://www.econbiz.de/10012622376
We study the yield curve control in Eurozone. We apply Chen, Cúrdia and Ferrero (2012) model that uses a financial friction to break Wallace's neutrality. We calibrate a bond supply shock that corresponds to the observed change in the time premium in euro area when the APP program was...
Persistent link: https://www.econbiz.de/10012221811
This article looks into global central bank messaging on the Twitter social media platform. At the end of 2021, a total of 122 central banks and monetary authorities had registered accounts on Twitter At that time, approximately two-thirds of world's central banks and monetary author- ities were...
Persistent link: https://www.econbiz.de/10014526688
Persistent link: https://www.econbiz.de/10000433298