of its fixed exchange with the latter, briefly experimented with independent monetary policy. Our contribution is twofold … mechanisms of the crisis occurred. We find that expansionary monetary policy can only be maintained with sufficient reserves …

of its fixed exchange with the latter, briefly experimented with independent monetary policy. Our contribution is twofold … mechanisms of the crisis occurred. We find that expansionary monetary policy can only be maintained with sufficient reserves …

Forecasting banking system liquidity is crucial for the effective monetary policy implementation. This study …

How do different monetary policy tools influence residential housing markets, and how do these effects vary between … estate listings over the period 2007- 2023 and exploit high-frequency monetary policy surprises for identification. Focusing … on Germany-where half of households rent-we find that expansionary monetary policy significantly boosts property prices …