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Quantitative easing and direct lending in response to the COVID-19 crisis

Occhino, Filippo - 2020

Persistent link: https://www.econbiz.de/10012388429

Market-based monetary policy uncertainty

Bauer, Michael D.; Lakdawala, Aeimit; Mueller, Philippe - 2019

This paper investigates the role of monetary policy uncertainty for the transmission of FOMC actions to financial markets using a novel model-free measure of uncertainty based on derivative prices. We document a systematic pattern in monetary policy uncertainty over the course of the FOMC...

Persistent link: https://www.econbiz.de/10012001886

The aggregate and country-specific effectiveness of ECB policy : evidence from an external instruments (VAR) approach

Hafemann, Lucas; Tillman, Peter - 2017

This paper studies the transmission of ECB monetary policy, both at the aggregate euro area and the country level. We estimate a VAR model for the euro area in which monetary policy shocks are identified using an external instrument that reflects policy surprises. For that purpose we use the...

Persistent link: https://www.econbiz.de/10011640188

Financial market fragmentation and monetary transmission in the Euro area : what do we know?

Horváth, Roman - In: Journal of economic policy reform 21 (2018) 4, pp. 319-334

Persistent link: https://www.econbiz.de/10011959775

Liquidity shortages and monetary policy

Cao, Jin; Illing, Gerhard - 2007

the absence of central bank intervention, the incentive of financial intermediaries to free ride on liquidity in good … states may result in excessively low liquidity in bad states. In the prevailing mixed-strategy equilibrium, depositors are … worse off than if banks would coordinate on more liquid investment. It is shown that public provision of liquidity improves …