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Combining time-variation and mixed-frequencies : an analysis of government spending multipliers in Italy; 1856, October 2015

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

, we use this model to study the macroeconomic effects of government spending shocks in Italy over the 1988Q4-2013Q3 period …. Italy - as well as most other euro area economies - is characterised by short quarterly time series for fiscal variables … output in Italy. The fiscal multiplier, which is maximized at the one year horizon, follows a U-shape over the sample …

Persistent link: https://www.econbiz.de/10015296808

The impact of fiscal policy announcements by the Italian government on the sovereign spread : a comparative analysis

Falagiarda, Matteo (contributor); … - European Central Bank - 2015

-term sovereign bond spread of Italy relative to Germany. After collecting data on relevant fiscal policy announcements, we perform an …

Persistent link: https://www.econbiz.de/10015298971

Tax deferral and mutual fund inflows : evidence from a quasi-natural experiment; N° 1664 / April 2014

Cappelletti, Giuseppe (contributor); … - European Central Bank - 2014

switch from an accrual-based to a realization-based tax regime. We use quasi-experimental data from Italy where, starting …

Persistent link: https://www.econbiz.de/10015301831

Fiscal targets : a guide to forecasters?

Paredes, Joan (contributor); Pérez, Javier J. (contributor) - European Central Bank - 2015

countries (Germany, France, Italy, and Spain) to show that government (consumption) targets convey useful information about ex …

Persistent link: https://www.econbiz.de/10015298354

The financial and macroeconomic effects of OMT announcements : N°1707, August 2014

Altavilla, Carlo (contributor); … - European Central Bank - 2014

France, Germany, Italy, and Spain. The scenario analysis suggests that the reduction in bond yields due to OMT announcements … is associated with a significant increase in real activity, credit, and prices in Italy and Spain with relatively muted …

Persistent link: https://www.econbiz.de/10015301819

Consolidated balance sheet of the Eurosystem as at 31 December 2017

European Central Bank - 2018

Persistent link: https://www.econbiz.de/10015285213

Annual accounts of the ECB 2017

European Central Bank - 2018

The management report is an integral part of the ECB's Annual Accounts and is designed to provide readers with contextual information related to the financial statements. Given that the ECB's activities and operations are undertaken in support of its policy objectives, its financial position and...

Persistent link: https://www.econbiz.de/10015285233

Eighth T2S harmonisation progress report : advisory group on market infrastructures for securities and collateral

European Central Bank; AMI-SeCo - 2018

TARGET2-Securities (T2S) is a pan-European platform for securities settlement, developed and operated by the Eurosystem. By September 2017, 22 central securities depositories (CSDs), covering 20 European markets had joined the platform, and now settle euro securities transactions in T2S. The...

Persistent link: https://www.econbiz.de/10015285523

Financial integration in Europe : May 2018

European Central Bank - 2017

The ECB's annual report on financial integration in Europe contributes to the advancement of the European financial integration process by analysing its development and the related policies. For the ECB, the market for a given set of financial instruments and/or services is fully integrated if...

Persistent link: https://www.econbiz.de/10015286797

First ECB public consultation on developing a euro unsecured overnight interest rate

European Central Bank - 2017

On 21 September 2017 the European Central Bank (ECB) announced that it would develop a euro unsecured overnight interest rate based on data already available to the Eurosystem. The interest rate, which would be produced before 2020, would complement existing benchmark rates produced by the...

Persistent link: https://www.econbiz.de/10015287173