Search Results - subject:"Operational framework"

The art of central banking of the ECB and the separation principle.

Clerc, L.; Bordes, C. - Banque de France - 2010

This paper examines the art of central banking as practised by the European Central Bank (ECB) through the prism of Goodfriend's (2009) determination of the three policies that fall within the remit of a central bank: monetary policy, which consists in varying the size of the balance sheet,...

Persistent link: https://www.econbiz.de/10008548998

Monetary policy implementation and overnight rate persistence

Nautz, Dieter; Scheithauer, Jan - Fachbereich Wirtschaftswissenschaft, Freie Universität … - 2010

small and short-lived. This paper uses fractional integration techniques to explore how the operational framework of four …

Persistent link: https://www.econbiz.de/10008794600

Controllability and persistence of money Market rates along the yield curve: Evidence from the Euro area

Busch, Ulrike; Nautz, Dieter - 2009

recent changes in the operational framework and the communication strategy of the European Central Bank have significantly …

Persistent link: https://www.econbiz.de/10010263770

Monetary policy implementation and overnight rate persistence

Nautz, Dieter; Scheithauer, Jan - 2009

small and short-lived. This paper uses fractional integration techniques to explore how the operational framework of four …

Persistent link: https://www.econbiz.de/10010270829

Controllability and persistence of money market rates along the yield curve: evidence from the euro area

Busch, Ulrike; Nautz, Dieter - 2009

recent changes in the operational framework and the communication strategy of the European Central Bank have significantly …

Persistent link: https://www.econbiz.de/10010299158

Controllability and Persistence of Money Market Rates along the Yield Curve: Evidence from the Euro Area

Busch, Ulrike; Nautz, Dieter - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2009

changes in the operational framework and the communication strategy of the European Central Bank have significantly decreased … recent changes in the operational framework and the communication strategy of the European Central Bank have signi cantly … operational framework of the ECB JEL classi cation: C22, E43, E52 We thank Uwe Hassler, Barbara Meller, Maya Olivares, Jan …

Persistent link: https://www.econbiz.de/10004999577

Controllability and persistence of money market rates along the yield curve: evidence from the euro area

Busch, Ulrike; Nautz, Dieter - Fachbereich Wirtschaftswissenschaft, Freie Universität … - 2009

recent changes in the operational framework and the communication strategy of the European Central Bank have significantly …

Persistent link: https://www.econbiz.de/10008533503

What explains the spread between the euro overnight rate and the ECB's policy rate?

Linzert, Tobias; Schmidt, Sandra - European Central Bank - 2008

-2006. In particular, we estimate a model on the EONIA spread since the introduction of the new operational framework in …

Persistent link: https://www.econbiz.de/10005530977

The interday and intraday patterns of the overnight market: evidence from an electronic platform

Beaupain, Renaud; Durré, Alain - European Central Bank - 2008

liquidity in a market dominated by utilitarian traders. We provide evidence that the Eurosystem's operational framework and … out to be sensitive to the implementation in March 2004 of structural changes to the operational framework and to the more …

Persistent link: https://www.econbiz.de/10005025573

What explains the spread between the euro overnight rate and the ECB's policy rate?

Linzert, Tobias; Schmidt, Sandra - 2008

-2006. In particular, we estimate a model on the EONIA spread since the introduction of the new operational framework in …

Persistent link: https://www.econbiz.de/10011605029