Albertazzi, Ugo; Becker, Bo; Boucinha, Miguel - 2018
its policies on safe assets. An intended channel of transmission of this type of programme is the "portfolio rebalancing … expected returns, including lending to households and firms. We examine the portfolio rebalancing channel around the ECB … portfolio rebalancing channel. In more vulnerable countries, where macroeconomic unbalances and relatively high risk premia …