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Commentary: Inflation during and after the zero lower bound

Reichlin, Lucrezia - In: Inflation dynamics and monetary policy : a symposium …, (pp. 417-427). 2016

Persistent link: https://www.econbiz.de/10011660887

Kirchhof, Paul - 2021

, Mechanismen und mögliche Wege aus der Niedrigzinspolitik: wie sich die Zinspolitik der Europäischen Zentralbank auf jeden … Niedrigzinspolitik aus Wirtschaft und Währung vertrieben?Der Autor zeigt in eindrucksvoll präziser und anschaulicher Sprache Hintergründe …

Persistent link: https://www.econbiz.de/10012518792

The financial accelerator in the euro area : new evidence using a mixture VAR model

Bennani, Hamza; Burgard, Jan Pablo; Neuenkirch, Matthias - 2021 - First draft: November 23, 2020 ; this version: May 17, 2021

We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over the period 2003Q1-2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy transmission can be described as mixture of two states (e.g.,...

Persistent link: https://www.econbiz.de/10013328355

Bank capital regulation and endogenous shadow banking crises

Poeschl, Johannes; Zhang, Xue - 2019

We study the macroeconomic effects of bank capital requirements in an economy with two banking sectors. Banks are …-fulfilling wholesale funding rollover crises. Retail bank capital requirements can reduce the frequency and severity of banking crises …. Tightening retail bank capital requirements increases the size and leverage of the shadow banking sector through a novel channel …

Persistent link: https://www.econbiz.de/10012265800