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Reversal interest rate and macroprudential policy

Darracq Pariès, Matthieu; Kok Sørensen, Christoffer; … - 2020

Could a monetary policy loosening entail the opposite effect than the intended expansionary impact in a low interest rate environment? We demonstrate that the risk of hitting the rate at which the effect reverses depends on the capitalization of the banking sector by using a non-linear...

Persistent link: https://www.econbiz.de/10012312177

Reversal interest rate and macroprudential policy

Darracq Pariès, Matthieu; Kok Sørensen, Christoffer; … - 2021

Could a monetary policy loosening in a low interest rate environment have unintended recessionary effects? Using a non-linear macroeconomic model fitted to the euro area economy, we show that the effectiveness of monetary policy can decline in negative territory until it reaches a turning point,...

Persistent link: https://www.econbiz.de/10012596371

Taylor rule and shadow rates : theory and empirical analysis

Lupiani, Camilla - 2024

Persistent link: https://www.econbiz.de/10014482859

The European Central Bank and why things are the way they are : a historic monetary policy pivot point and moment of (relative) clarity

Dubois, Robert - 2012

, financial, and political arenas. Apart from the eurozone crisis and global monetary policy issues, for nearly two years all else … divergence and political and social discord across member-states. Given the scale and scope of the eurozone crisis, policy and … actions taken (or not taken) by the European Central Bank (ECB) meaningfully impact markets large and small, and ripple with …

Persistent link: https://www.econbiz.de/10009503821

Inflation: thruway of ECB's monetary policy

Seidl, Christian - 2023

sanctions, and part - and not the smallest one - is caused by the European Central Bank's printing money by hook or by crook in … European Central Bank. …

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

The European Central Bank and Why Things are the Way They Are : A Historic Monetary Policy Pivot Point and Moment of (Relative) Clarity

Dubois, Robert - 2012

, financial, and political arenas. Apart from the eurozone crisis and global monetary policy issues, for nearly two years all else … divergence and political and social discord across member-states.Given the scale and scope of the eurozone crisis, policy and … actions taken (or not taken) by the European Central Bank (ECB) meaningfully impact markets large and small, and ripple with …

Persistent link: https://www.econbiz.de/10013109818

Would a Stricter Fed Policy and Financial Regulation Have Averted the Financial Crisis?

Gokhale, Jagadeesh - 2009

Many commentators have argued that if the Federal Reserve had followed a stricter monetary policy earlier this decade when the housing bubble was forming, and if Congress had not deregulated banking but had imposed tighter financial standards, the housing boom and bust - and the subsequent...

Persistent link: https://www.econbiz.de/10013155688

Monetary policy rules and the effective lower bound in the Euro area

Haavio, Markus; Laine, Olli-Matti - 2021

We analyze the economic performance of di§erent monetary policy strategies, or rules, in a low interest rate environment, using simulations with a DSGE model which has been estimated for the euro area. We study how often the e§ective lower bound of interest rates (ELB) is likely to bind, and...

Persistent link: https://www.econbiz.de/10012499974

Unconventional monetary policy effects on bank lending in the euro area

Behrendt, Stefan - 2017

policies of the European Central Bank since the Global Financial Crisis, mainly in their effectiveness towards bank lending …. Using a variable for newly issued credit instead of the outstanding stock of credit, the effects on bank lending are smaller …

Persistent link: https://www.econbiz.de/10011602464

Evolution of the ECB's analytical framework

Holm-Hadulla, Fédéric; Musso, Alberto; Rodriguez … - 2021

Bank (ECB). Both areas of analysis have evolved since the 2003 strategy review. Economic analysis has assigned an …

Persistent link: https://www.econbiz.de/10012650792