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A tale of two global monetary policies

Miranda-Agrippino, Silvia; Nenova, Tsvetelina - In: Journal of international economics 136 (2022), pp. 1-24

Persistent link: https://www.econbiz.de/10013431576

Does forward guidance of the ECB matter for the accuracy of private sector inflation forecasts?

Burden, David; Fendel, Ralf; Zimmermann, Lilli - In: Applied economics letters 30 (2023) 9, pp. 1213-1217

Persistent link: https://www.econbiz.de/10014303844

On the time-varying effects of the ECB's asset purchases

Zlobins, Andrejs - In: Empirical economics : a quarterly journal of the … 66 (2024) 6, pp. 2593-2623

Persistent link: https://www.econbiz.de/10015048311

International Effects of Euro Area Forward Guidance

Bock, Maximilian - 2020

This paper explores the domestic and international effects of an increase in observed interest rates (conventional monetary policy) and expected interest rates (forward guidance). We find significant spillovers to a broad range of countries when both are subject to a tightening shock: Output...

Persistent link: https://www.econbiz.de/10012833360

The Post-Crisis Slump in the Euro Area and the Us : Evidence from an Estimated Three-Region DSGE Model

Kollmann, Robert - 2017

The global financial crisis (2008-09) led to a sharp contraction in both Euro Area (EA) and US real activity, and was followed by a long-lasting slump. However, the post-crisis adjustment in the EA and the US shows striking differences—in particular, the EA slump has been markedly more...

Persistent link: https://www.econbiz.de/10012969881

The Post-Crisis Slump in the Euro Area and the US : Evidence from an Estimated Three-Region DSGE Model

Kollmann, Robert - 2016

The global financial crisis (2008-09) led to a sharp contraction in both Euro Area (EA) and US real activity, and was followed by a long-lasting slump. However, the post-crisis adjustment in the EA and the US shows striking differences - in particular, the EA slump has been markedly more...

Persistent link: https://www.econbiz.de/10012998137

ECB vs Bundesbank : diverging tones and policy effectiveness

Tillmann, Peter; Walter, Andreas - 2018

The present paper studies the consequences of conflicting narratives for the transmission of monetary policy shocks. We focus on conflict between the presidents of the ECB and the Bundesbank, the main protagonists of monetary policy in the euro area, who often disagreed on policy over the past...

Persistent link: https://www.econbiz.de/10011858943

Financial stress and economic activity in Germany and the Euro Area

Roye, Björn van - 2011

variables. Therefore, I derive a financial market stress indicator (FMSI) for Germany and the Euro Area using a dynamic … about fifteen percent of variation in real GDP growth can be accounted for variations in financial stress for Germany and …-of-sample forecasting accuracy for real GDP growth in Germany compared to a model without the indicator and other forecast benchmarks …

Persistent link: https://www.econbiz.de/10009382999

Are Extremely Low Interest Rates Really Caused by Insufficient Growth and Inflation Rather than by ECB Policy? An Examination of ECB's Defense Against German Critiques

Dor, Eric - 2016

policy of extremely low rates has been heavily criticized in Germany. The ECB is accused of exaggeratedly lowering the income … policy against the critiques in Germany. The main arguments of defense used by the ECB are:- Low interest rates would be the …

Persistent link: https://www.econbiz.de/10012991540

The financial repression policy of the European Central Bank : interest income and welfare losses for German savers

Rösl, Gerhard; Tödter, Karl-Heinz - In: ifo DICE report 15 (2017) 1, pp. 5-8

“normal” business and interest rate cycle. The empirical estimates presented refer to Germany. …

Persistent link: https://www.econbiz.de/10011718714