the Maltese economy. The model focuses on five broad macroeconomic shocks hitting the euro area; an aggregate demand shock … global market for oil, a generic monetary policy shock encompassing both conventional and unconventional interventions, and a … financial stress shock. The model is estimated using Bayesian methods over a sample that goes from 2003Q1 to 2019Q4 and …

shock. According to our results, an increase in uncertainty has a strong negative impact on economic activity, consumer …. Uncertainty does not only impact that country where the shock originates but also has large cross-border effects. In that respect … the responses of national variables to a (foreign) uncertainty shock, indicating evidence of an international business …

Hinsicht vergleichen wir die Auswirkungen eines Unsicherheitsschocks in den USA und der Eurozone. Unseren Ergebnissen zufolge … shock. According to our results, an increase in uncertainty has a strong negative impact on economic activity, consumer …. Uncertainty does not only impact that country where the shock originates but also has large cross-border effects. In that respect …

shock. According to our results, an increase in uncertainty has a strong negative impact on economic activity, consumer …. Uncertainty does not only impact that country where the shock originates but also has large cross-border effects. In that respect … the responses of national variables to a (foreign) uncertainty shock, indicating evidence of an international business …

-bank loans to be substitutes for bank loans with negative responses to a positive loan supply shock while trade credit is a …