Giannone, Domenico; Reichlin, Lucrezia; Lenza, Michèle; … - European Centre for Advanced Research in Economics and … - 2012
market and central bank intermediation of bank-to-bank transactions across the Eurosystem balance sheet. We do this by … ECB’s intervention. In turn, the ECB’s support has a significant impact on economic activity: two and a half years after …This paper analyses the impact on the macroeconomy of the ECB’s non-standard monetary policy implemented in the …