Similar Search Results

The effects of the ECB's pandemic-related monetary policy measures

Nelimarkka, Jaakko; Laine, Olli-Matti - 2021

growth by approximate 2 percentage points in 2020-2021 and inflation by 0.5 percentage points. The longer-term refinancing …

Persistent link: https://www.econbiz.de/10012622376

Price stability and debt sustainability under endogenous trend growth

Schmöller, Michaela; McClung, Nigel - 2024

inflation in order to stabilize the expectations of households, firms and innovators. Endogenous growth provides a self … debt-stabilizing inflation when current fiscal deficits are not backed by future fiscal surpluses. Because growth creates … unique stable equilibrium, provided that the policy permits r−g to fall with inflation. …

Persistent link: https://www.econbiz.de/10014457581

The macroeconomic impact of the energy and climate provisions of the US Inflation Reduction Act : evidence for the EU

Barrios Cobos, Salvador; Pycroft, Jonathan; Stasio, … - 2023

We assess the extent to which the $ 391bn of energy and climate tax provisions under the Inflation Reduction Act in the …

Persistent link: https://www.econbiz.de/10014472355

Assessing targeted longer-term refinancing operations : identification through search intensity

Laine, Olli-Matti; Nelimarkka, Jaakko - 2023

We evaluate the effects of targeted credit injections of the central bank in the euro area. The aggregate policy impacts of credit easing on financial markets, bank lending and key macroeconomic variables are measured with a novel identification approach based on high-frequency web search data....

Persistent link: https://www.econbiz.de/10014364058

Monetary policy transmission below zero

Fungáčová, Zuzana; Kerola, Eeva; Laine, Olli-Matti - 2023

This study considers the pass-through of different ECB monetary policy measures to bank corporate lending rates of different maturities during 2010-2020. We find changes in the pass-through as policy rates first dip below zero in 2014 and again when negative interest rates become more persistent...

Persistent link: https://www.econbiz.de/10014308203

How effective is the Taylor rule? : some insights from the time-frequency domain

Crowley, Patrick M.; Hudgins, David - 2020

inflation environments. The results show that the macroeconomic outcome de-pends on whether the conventional or modified Taylor … rule is used, and whether the central bank is operating in a low or high inflation environment. …

Persistent link: https://www.econbiz.de/10012170972