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Unconventional monetary policy and bond market connectedness in the new normal

Akovalı, Umut; Yılmaz, Kamil - 2021

Since the global financial crisis, major central banks gradually switched to unconventional monetary policies (UMPs) as part of their efforts to directly influence the long-term interest rates. This study analyzes the impact of conventional/unconventional monetary policies on sovereign bond...

Persistent link: https://www.econbiz.de/10012495030

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

The effectiveness of the Fed's quantitative easing policy : a survey of the econometrics

Belke, Ansgar - In: Estudios de economía aplicada : revista promovida por … 36 (2018) 1, pp. 291-308

Persistent link: https://www.econbiz.de/10011972742

Unconventional monetary policy and inflation expectations in the euro area

Aßhoff, Sina; Belke, Ansgar; Osowski, Thomas - 2020

Auswirkungen der unkonventionellen Geldpolitik ist nicht trivial, da standardisierte empirische Instrumente wie die VAR … Problem zu lösen. Wir stellen fest, dass die unkonventionelle Geldpolitik zwar kurzfristig zu einem Anstieg der … beigetragen hat. Dennoch deuten sie auf einen durch die unkonventionelle Geldpolitik ausgelösten Anstieg des mittelfristigen …

Persistent link: https://www.econbiz.de/10012149519

The macroeconomic impact of the ECB's expanded asset purchase programme (APP)

Gambetti, Luca; Musso, Alberto - 2017

This paper provides empirical evidence on the macroeconomic impact of the expanded asset purchase programme (APP) announced by the European Central Bank (ECB) in January 2015. The shock associated to the APP is identified with a combination of sign, timing and magnitude restrictions in the...

Persistent link: https://www.econbiz.de/10011659350

The effects of unconventional monetary policy in japan : new evidence from time-varying parameter var analysis

Otsubo, Kansho Piotr - In: The Singapore economic review 68 (2023) 2, pp. 609-628

Persistent link: https://www.econbiz.de/10014279317

Quantitative easing and macroeconomic performance in the United States

Mulaahmetović, Inda - In: Journal of central banking theory and practice 11 (2022) 3, pp. 79-98

This scientific paper examines the relationship between macroeconomic variables whose performance is measured under the implementation of Quantitative Easing in the US, by estimating vector autoregression (VAR) and Impulse Response Function with monthly data from US Federal Reserve, observed...

Persistent link: https://www.econbiz.de/10013407499

SVAR description of ECB monetary policy effects via banking sector in individual EA countries : case of Slovenia

Siranova, Maria; Kotlebova, Jana - In: International journal of monetary economics and finance 11 (2018) 1, pp. 56-75

Persistent link: https://www.econbiz.de/10011861591

Unconventional monetary policy, competition and financial stability : evidence from the Eurozone banks

Bakaikoa Pedrosa, Ane; Mansilla Fernández, José Manuel - In: Estudios de economía aplicada : revista promovida por … 38 (2020) 1, pp. 199-217

Persistent link: https://www.econbiz.de/10012308398

Negative interest rate, QE and exit

Reynard, Samuel - 2018

Persistent link: https://www.econbiz.de/10011948349