Angelopoulou, Eleni; Balfoussia, Hiona; Gibson, Heather D. - In: Economic Modelling 38 (2014) C, pp. 392-403
In this paper we construct financial conditions indices (FCIs) for the euro area, for the period 2003 to 2011, using a … monetary policy variables, whilst two versions without monetary policy are also constructed, enabling us to study the impact of … monetary policy on financial conditions. The FCIs constructed fit in well with a narrative of financial conditions since the …