Narrow search
Showing 1 - 10 of 113,211
Cover Image
Negative interest rates, COVID-19, and the finances of listed euro firms
Eije, Johan H. von - In: Central European review of economics and management : CEREM 5 (2021) 4, pp. 117-143
Aim: The paper measures the impact of negative interest rates on listed firms in the original euro zone countries. It also measures the impact of the first COVID-19 year. Design / research methods: The paper uses panel data to measure the influence of the short-term ECB deposit rate and the...
Persistent link: https://www.econbiz.de/10013202353
Cover Image
The ECB’s fight against low inflation : on the effects of ultra-low interest rates
Riet, Ad van - In: International Journal of Financial Studies : open … 5 (2017) 2, pp. 1-27
Starting in June 2014, the European Central Bank (ECB) stepped up its monetary accommodation in order to counter a too prolonged period of low inflation in the euro area. This article offers a narrative of the monetary policy measures taken up to December 2016 and a review of the effects of...
Persistent link: https://www.econbiz.de/10011649375
Cover Image
Country-level effects of the ECB's expanded asset purchase programme
Zlobins, Andrejs - In: Baltic journal of economics 20 (2020) 2, pp. 187-217
This paper evaluates the macroeconomic effects of the European Central Bank's (ECB) Expanded asset purchase programme (APP) on Latvia and other euro area jurisdictions and investigates the cross-border transmission mechanism. To that end, we employ two different vector autoregressive (VAR)...
Persistent link: https://www.econbiz.de/10012296198
Cover Image
Price stability and climate risks : sensible measures for the European Central Bank
Bremus, Franziska; Dany-Knedlik, Geraldine; Schlaak, Thore - In: DIW weekly report : economy, politics, science : a … 10 (2020) 14, pp. 206-213
By the end of 2020, the European Central Bank (ECB) will present the results of its monetary policy strategy review. What changes are to be expected and what changes are needed? This report covers two areas of the strategy review. First, alternatives to the current definition of price stability...
Persistent link: https://www.econbiz.de/10012198219
Cover Image
Forward guidance at the zero lower bound in a model of price-level targeting
Illing, Gerhard; Siemsen, Thomas - In: CESifo economic studies : CESifo, a joint initiative of … 62 (2016) 1, pp. 47-67
We study monetary policy at the zero lower bound in a traceable three-period model, in which price-level targeting emerges endogenously in the welfare function. We characterize optimal price-level forward guidance under discretion and commitment. Potentially non-monotonic discretionary welfare...
Persistent link: https://www.econbiz.de/10011458706
Cover Image
Looking into the rear-view mirror : lessons from Japan for the Eurozone and the U.S?
Siklos, Pierre L. - In: Asia and the global economy : AGE 1 (2021) 1, pp. 1-20
experiences of the U.S. and the Eurozone. There are important differences between these three economies and some striking …
Persistent link: https://www.econbiz.de/10012816140
Cover Image
Inflation in the euro area : factors mostly have only a temporary effect, but risk of prolonged elevated inflation remains
Bernoth, Kerstin; Ider, Gökhan - In: DIW weekly report : economy, politics, science : a … 11 (2021) 41/42, pp. 315-323
Headline inflation in the euro area jumped to more than three percent in the summer after years of relatively low inflation rates well below the target of close to but below two percent set by the ECB until July 2021. One of the main reasons for the rise in inflation is the increase in energy...
Persistent link: https://www.econbiz.de/10012667065
Cover Image
Anticipation of central banks' adoption of inflation targeting and its effect on inflation
Dubey, Amlendu Kumar; Mishra, Akanksha - In: Central Bank review / Central Bank of the Republic of Turkey 23 (2023) 2, pp. 1-13
We construct an empirical test of whether the anticipation of adoption of inflation targeting affects the inflation rate. We observe that most of the central banks adopt the regime after first achieving significant disinflation. With pre-inflation-targeting-disinflation, initial targets are met...
Persistent link: https://www.econbiz.de/10014364299
Cover Image
Niedrige Zinsen: gesamtwirtschaftliche Ursachen und Folgen
In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 94 (2014) 9, pp. 611-630
order to fight the fragmentation of the financial market and the risk of deflation in the Eurozone. Some authors argue that …Die Zentralbanken in den Industrieländern betreiben seit längerer Zeit eine sehr lockere Geldpolitik mit niedrigen … wird. Offenbar kann aber die Geldpolitik diese Ziele nicht allein erreichen, möglicherweise setzt sie sogar falsche Anreize …
Persistent link: https://www.econbiz.de/10010408383
Cover Image
Monetary policy strategies in the New Normal : a model-based analysis for the euro area
Busetti, Fabio; Neri, Stefano; Notarpietro, Alessandro; … - In: Journal of macroeconomics 70 (2021), pp. 1-17
Persistent link: https://www.econbiz.de/10013275460