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ECB stepping on the brake(s) : monetary tightening in an abundant reserve system : study requested by the ECON committee

Sonnenberg, Nils - Europäisches Parlament / Referat Kontrolle der … - 2023

Persistent link: https://www.econbiz.de/10014252373

On the time-varying effects of the ECB’s asset purchases

Zlobins, Andrejs - 2021

Persistent link: https://www.econbiz.de/10012792375

The impact of sovereign debt purchase programmes : a case study ; the Spanish-to-Portuguese bond yield spread

Cerezo, Fernando; Girón, Pablo; González-Pérez, María T. - 2024

Persistent link: https://www.econbiz.de/10014583724

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

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

Effects of the ECB's unconventional monetary policy on real and financial wealth

De Luigi, Clara; Feldkircher, Martin; Poyntner, Philipp; … - 2019

Persistent link: https://www.econbiz.de/10012050736

Early exit from ECB bond purchase program could reduce GDP growth and inflation

Clemens, Marius; Gebauer, Stefan; Rieth, Malte - In: DIW economic bulletin 7 (2017) 49, pp. 533-540

The European Central Bank is planning a gradual reduction of government bond purchases under the asset purchase program it initiated in 2015. The present study by the German Institute for Economic Research analyzes the potential macroeconomic implications of different exit strategies. The...

Persistent link: https://www.econbiz.de/10011750746

Unconventional monetary policy in the euro zone

Driffill, John - 2015

Persistent link: https://www.econbiz.de/10011549958

Mixing QE and interest rate policies at the effective lower bound : micro evidence from the euro area

Bittner, Christian; Rodnyansky, Alexander; Saidi, Farzad; … - 2021 - First version: June 15, 2021, this version: October 12, 2021

In the presence of negative monetary-policy rates and a zero lower bound on deposit rates, banks that are more exposed to central banks' asset-purchase programs reduce their lending to the real economy by more than their counterparts. When banks face a lower bound on customer deposit rates, an...

Persistent link: https://www.econbiz.de/10012649768

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