Altavilla, Carlo; Boucinha, Miguel; Peydró, José-Luis - In: Economic Policy 33 (2018) 96, pp. 531-586
We analyse the impact of standard and non-standard monetary policy on bank profitability. We use both proprietary and … commercial data on individual euro area bank balance-sheets and market prices. Our results show that a monetary policy easing – a … improved macroeconomic conditions. Monetary policy easing surprises during the low interest rate period improve bank stock …