This paper examines the impact of macroeconomic and financial sector policy announcements in the United States, the … United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia … of interbank risk premia, albeit to a different degree during the subprime and global phases of the crisis. Decisions not …

This paper examines the impact of macroeconomic and financial sector policy announcements in the United States, the … United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia … of interbank risk premia, albeit to a different degree during the subprime and global phases of the crisis. Decisions not …

conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions … questions: First, what have we learnt from the crisis for the conduct of monetary policy? Second, what have we learnt from the … crisis for the coordination of monetary, fiscal and macroprudential policies. And third, how did the Monetary Transmission …

governments in the euro area enacted or announced numerous economic policy measures to counteract the severe economic consequences … of the resulting lockdowns. In this paper, the immediate effect of the announcements on government bond and stock markets … are estimated in a panel study. The results show that the ECB’s monetary policy measures barely had a stabilizing effect …

show that the days of policy meetings are special days for financial markets. Second, we find that the predictability of …The paper evaluates the ability of market participants to anticipate monetary policy decisions in the euro area and in … the ECB's monetary policy is fully comparable (and sometimes slightly better) to that of the FED and the Bank of England …

than near-money assets increase in response to expansionary forward guidance announcements. We introduce a structural …