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The Heterogeneous Impact of Referrals on Labor Market Outcomes

Lester, Benjamin R.; Rivers, David; Topa, Giorgio - 2021

We document a new set of facts regarding the impact of referrals on labor market outcomes. Our results highlight the … importance of distinguishing between different types of referrals—those from family and friends and those from business contacts …—and different occupations. Then we develop an on-the-job search model that incorporates referrals and calibrate the model to key …

Persistent link: https://www.econbiz.de/10013324393

A Critical Analysis of Monetary Policy in the context of India’s current economic slowdown

Thimmavajjala, Pavan Kumar - 2022

In any economy, monetary policy is as essential as fiscal policy in driving growth and in India, it is no different. Our monetary policy is determined by the Reserve Bank of India in consultation with Monetary Policy Committee which is headed by the RBI Governor while Fiscal Policy is determined...

Persistent link: https://www.econbiz.de/10013406648

The Effects of Negative Interest Rates on Equity and Currency Markets

Lee, Seungho; Switzer, Lorne - 2022

This paper examines the effects of negative interest rate policies (NIRP) on foreign exchange and equity markets of eight European countries and Japan. NIRP announcement effects on currency depreciation are shown to be transitory. In contrast, on the day of NIRP implementation, both currency and...

Persistent link: https://www.econbiz.de/10014236107

US Monetary Policy Spillovers and Spillbacks

Thomas, Lina - 2023

I study spillovers of US monetary policy to the rest of the world, as well as spillbacks to the US economy in an empirical multi-country model over time. Within the multilateral framework, I distinguish the bilateral effect from the network effects that arise from interactions among recipient...

Persistent link: https://www.econbiz.de/10014256990

Evolving key risks in the banking sector, and related priorities for the SRB : the impact of the current ‘inflation crisis’

Gortsos, Christos V. - 2023

This study discusses recent and current conditions relating to financial stability in the euro area, developing, in particular, on the impact of the current “inflation crisis” on financial stability vulnerabilities. Furthermore, it addresses two related priorities for the Single Resolution...

Persistent link: https://www.econbiz.de/10014258303

Inflation: thruway of ECB's monetary policy

Seidl, Christian - 2023

Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused by the Corona Pandemic, in particular lockdowns, part is caused by the Ukrainian War, part is caused by European sanctions, and part - and not the smallest one - is caused by...

Persistent link: https://www.econbiz.de/10013553631

Legal Aspects of the Single Monetary Policy in the Euro Area : From the Establishment of the Eurosystem to the Current Pandemic Crisis

Gortsos, Christos - 2021

The present University notes contain a brief presentation and analysis of the legal framework governing the single monetary policy in the euro area, as this developed from the establishment of the Eurosystem until today. It is structured in four Sections: Section A deals with the definition of...

Persistent link: https://www.econbiz.de/10013235124

Unsecured and secured funding

Di Filippo, Mario; Ranaldo, Angelo; Wrampelmeyer, Jan - 2018

We empirically investigate why wholesale funding is fragile by providing the first study of how individual banks borrow and lend in the euro unsecured and secured interbank market. Consistent with theories in which lenders enforce market discipline by monitoring counterparty credit risk and...

Persistent link: https://www.econbiz.de/10011818292

Unsecured and Secured Funding

Di Filippo, Mario; Ranaldo, Angelo; Wrampelmeyer, Jan - 2018

Persistent link: https://www.econbiz.de/10011819553

QE and Unemployment : A Financial Friction DSGE Model with LSAPs and Labor Market Search

Song, Xuetao - 2014

In response to the disruption of credit markets and the zero lower bound during the recent financial crisis, the Federal Reserve introduced a variety of new policy tools. Perhaps, the most visible of these tools is large scale asset purchases (LSAP) programs, often referred to as "quantitative...

Persistent link: https://www.econbiz.de/10013055860