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The information content of money and credit for US activity

Albuquerque, Bruno (contributor); Baumann, Ursel (contributor) - European Central Bank - 2015

We analyse the forecasting power of different monetary aggregates and credit variables for US GDP. Special attention is paid to the influence of the recent financial market crisis. For that purpose, in the first step we use a three-variable single-equation framework with real GDP, an interest...

Persistent link: https://www.econbiz.de/10015298932

Enhancing monetary analysis

Papadēmos, Lukas (contributor); Stark, Jürgen (contributor) - European Central Bank - 2010

The book summarises the results of a research agenda pursued by Eurosystem staff to enhance the set of tools used to conduct the ECB's monetary analysis and describes how these results are used to support the preparation of monetary policy decisions. The book is in two main parts. The first part...

Persistent link: https://www.econbiz.de/10015310807

Enhancing monetary analysis

Papadēmos, Lukas (contributor); Stark, Jürgen (contributor) - European Central Bank - 2010

Persistent link: https://www.econbiz.de/10015310823

The role of money - money and monetary policy in the twenty-first century : fourth ECB central banking conference, 9-10 november 2006

Beyer, Andreas (contributor); Reichlin, Lucrezia (contributor) - European Central Bank - 2007

Persistent link: https://www.econbiz.de/10015314696

Trust in central banks

Ehrmann, Michael (contributor) - European Central Bank - 2024

Trust in the central bank is an essential ingredient for a successful conduct of monetary policy. However, for many central banks trust has recently declined, for instance in the wake of the post-pandemic inflation surge, due to large errors in central banks' inflation forecasts, or given...

Persistent link: https://www.econbiz.de/10015322401

The confidence effects of fiscal consolidations

Beetsma, Roel (contributor); Cimadomo, Jacopo (contributor); … - European Central Bank - 2015

We explore how fiscal consolidations affect private sector confidence, a possible channel for the fiscal transmission …) show that consolidations, and in particular their unanticipated components affect confidence negatively. The effects are … accurate picture of how consolidations affect confidence, we construct a monthly dataset of consolidation announcements based …

Persistent link: https://www.econbiz.de/10015298364

Lack of confidence, the zero lower bound, and the virtue of fiscal rules

Schmidt, Sebastian (contributor) - European Central Bank - 2015

prone to equilibrium multiplicity. A drop in confidence can drive the economy into a liquidity trap without any change in … from declining in the face of a confidence shock insulate the economy from such expectations-driven liquidity traps. …

Persistent link: https://www.econbiz.de/10015298897

The growth effect of EU funds : the role of institutional quality

Augusztin, Anna (contributor); Iker, Áron (contributor); … - European Central Bank - 2025

This paper investigates the growth impact of the EU's Structural, Cohesion and Pre-accession Funds. We look at a large sample of 27 EU countries and the UK, over a period of 1989 and 2020, essentially covering the full history of these funds. We show that the growth effect of the funds is...

Persistent link: https://www.econbiz.de/10015322770

Monetary policy and growth-at-risk : the role of institutional quality

Emter, Lorenz (contributor); Moura, Afonso S. (contributor); … - European Central Bank - 2024

This paper analyses how country-specific institutional quality shapes the impact of monetary policy on downside risks to GDP growth in the euro area. Using identified highfrequency shocks in a growth-at-risk framework, we show that monetary policy has a higher impact on downside risks in the...

Persistent link: https://www.econbiz.de/10015321121