Search Results - subject:"PEPP"

The ECB's pandemic emergency purchase programme and fiscal policy : synergies or conflict?

Afonso, António; Ferreira, Jorge Braga - 2025

Purchase Programme (PEPP) on sovereign bond Option-Adjusted Spreads. Using a cross-sectional regression model with country and … Eurozone countries. We consider the PEPP net purchases by country, and the fiscal policy is measured through changes in debt …-to-GDP ratio and net lending/borrowing as a percentage of GDP. The results indicate that PEPP’s effectiveness in reducing spreads …

Persistent link: https://www.econbiz.de/10015397021

Das Notfallankaufprogramm der Europäischen Zentralbank im Zusammenhang mit der COVID-19-Pandemie - eine Analyse anhand einer Fallstudie zur Refinanzierung der Region Brüssel-Hauptstadt während der Pandemie

Boß, Kristina-Marie - 2024

In dieser Dissertation wird das pandemische Ankaufprogramm der Europäischen Zentralbank während der COVID-19-Pandemie untersucht. Die Dissertation umfasst eine Fallstudie zur Refinanzierung der Region Brüssel-Hauptstadt während der Pandemie und zeigt den Einfluss des pandemischen...

Persistent link: https://www.econbiz.de/10014469094

The impact of the ECB's PEPP project on the COVID-19-Induced crisis in the corporate bond market

Cohen, Lior; Furman, Itai - In: Economics Letters 235 (2024)

effectiveness of the ECB's QE program, PEPP, in mitigating it. Using credit (Z-spread) and liquidity (scaled bid-ask spread) spreads … PEPP decreased the credit spreads of ineligible bonds via the portfolio rebalancing channel, especially in pandemic …

Persistent link: https://www.econbiz.de/10015118005

Effects of the ECB's communication on government bond spreads

Neugebauer, Frederik; Russnak, Jan; Zimmermann, Lilli; … - In: Journal of international money and finance 142 (2024), pp. 1-12

Persistent link: https://www.econbiz.de/10014549834

The impact of the ECB's PEPP project on the COVID-19-Induced crisis in the corporate bond market

Cohen, Lior; Furman, Itai - In: Economics letters 235 (2024), pp. 1-4

Persistent link: https://www.econbiz.de/10015071362

Das Notfallankaufprogramm der Europäischen Zentralbank im Zusammenhang mit der COVID-19-Pandemie : eine Analyse anhand einer Fallstudie zur Refinanzierung der Region Brüssel-Hauptstadt während der Pandemie

Boß, Kristina-Marie - 2024

Persistent link: https://www.econbiz.de/10014468952

Effects of the ECB's communication on government bond spreads

Camarero Garcia, Sebastian; Neugebauer, Frederik; … - 2023

Programme (PEPP). Using data for 10 euro area countries, we first analyse the impact of different communication channels such as …

Persistent link: https://www.econbiz.de/10014334255

The ECB's asset purchase programme : theory, effects, and risks

Benigno, Pierpaolo; Canofari, Paolo; Di Bartolomeo, Giovanni - In: Journal of economic surveys 37 (2023) 3, pp. 890-914

Persistent link: https://www.econbiz.de/10014337984

Effects of the ECB's communication on government bond spreads

Camarero Garcia, Sebastian; Neugebauer, Frederik; … - 2023

Programme (PEPP). Using data for 10 euro area countries, we first analyse the impact of different communication channels such as …

Persistent link: https://www.econbiz.de/10014330976

Can EU bonds serve as euro- denominated safe assets?

Bletzinger, Tilman; Greif, William; Schwaab, Bernd - 2022

A safe asset is of high credit quality, retains its value in bad times, and is traded in liquid markets. We show that bonds issued by the European Union (EU) are widely considered to be of high credit quality, and that their yield spread over German Bunds remained contained during the 2020...

Persistent link: https://www.econbiz.de/10014278146