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Measuring the effects of monetary policy in the euro area : the role of anticipated policy
Gottschalk, Jan; Höppner, Florian - 2001
This paper investigates within a SVAR framework the effects of anticipated monetary policy in the euro area. Building …
Persistent link: https://www.econbiz.de/10011476356
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Measuring the effects of monetary policy in the euro area : the role of anticipated policy
Gottschalk, Jan; Höppner, Florian - 2001
Persistent link: https://www.econbiz.de/10001614918
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Measuring the effects of monetary policy in the euro area : the role of anticipated policy
Gottschalk, Jan; Höppner, Florian - 2001 - This Version: August 2001
This paper investigates within a SVAR framework the effects of anticipated monetary policy in the euro area. Building …
Persistent link: https://www.econbiz.de/10011538850
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The effects of the ECB's pandemic-related monetary policy measures
Nelimarkka, Jaakko; Laine, Olli-Matti - 2021
We assess the macroeconomic impact of pandemic-related monetary policy measures of the ECB. Conditioning on counterfactual interest rate paths that would have materialised in the absence of the policies, the macroeconomic effects are measured using structural vector autoregressions. In the...
Persistent link: https://www.econbiz.de/10012622376
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Cyclical drivers of euro area consumption : what can we learn from durable goods?
Casalis, André; Krustev, Georgi - 2020
strategy of our empirical model, a time-varying parameter structural vector autoregression (TVP-SVAR). Following the main …
Persistent link: https://www.econbiz.de/10012197836
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The impact of macroeconomic and monetary policy shocks on credit risk in the euro area corporate sector
Lo Duca, Marco; Moccero, Diego; Parlapiano, Fabio - 2024
risk. An adverse supply shock leads to a deterioration of firms' riskiness 10 per cent above the average PD. Contractionary …
Persistent link: https://www.econbiz.de/10014484468
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Measuring expected inflation and the ex-ante real interest rate in the Euro area using structural vector autoregressions
Gottschalk, Jan - 2001
Persistent link: https://www.econbiz.de/10013261158
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Measuring expected inflation and the ex-ante real interest rate in the euro area using structural vector autoregressions
Gottschalk, Jan - 2001
In this paper, the structural vector autoregression methodology is used to decompose the euro area nominal short-term interest rate into an expected inflation and an ex-ante real interest rate component. The latter may be a useful indicator of the monetary policy stance of the ECB. To this end,...
Persistent link: https://www.econbiz.de/10011476385
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Conventional and unconventional monetary policies : effects on the Finnish housing market
Rosenberg, Signe - In: Baltic journal of economics 20 (2020) 2, pp. 170-186
sign restrictions. The results reveal that both a policy interest rate shock and a balance sheet shock have a positive and … temporary impact on house prices in Finland, with the response to a balance sheet shock being smaller and fading out faster. The … peak of the effect of a policy rate shock on house prices in Finland arrives faster than in the whole euro area but the …
Persistent link: https://www.econbiz.de/10012296184
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Euro area monetary policy transmission in Estonia
Errit, Gertrud; Uusküla, Lenno - In: Baltic journal of economics 14 (2014) 1/2, pp. 55-77
This paper studies the effect of a monetary policy shock in the euro area on the main Estonian economic and financial … variables between 2000 and 2012. Using a standard structural vector autoregression (SVAR) model we find strong and persistent … effects on Estonian GDP, private consumption, corporate investment, and imports. A monetary policy shock also has strong and …
Persistent link: https://www.econbiz.de/10011890463